These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

48.08.030  <<  48.08.040 >>   48.08.050

Illegal dividends, reductionsPenalty against directors.

Any director of a domestic stock insurer who votes for or concurs in the declaration or payment of any dividend to stockholders or a reduction of capital stock not authorized by law shall, in addition to any other liability imposed by law, be guilty of a gross misdemeanor.
[1947 c 79 § .08.04; Rem. Supp. 1947 § 45.08.04.]
Site Contents
Selected content listed in alphabetical order under each group