Section 21.69.560. Stock transfer during impairment of capital.

Latest version.

A transfer of the stock of a domestic insurer made during the existence of an impairment of the insurer's capital does not release the stockholder making the transfer from liability as a stockholder of the insurer that accrued before the transfer.

Notes

History

(Sec. 1 ch 120 SLA 1966)

                    
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