33-3-435. Stock transfer during impairment of capital.
51 words·~1 min read·
/mt/title-33/chapter-3/part-4/33-3-435·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-3-435 . Stock transfer during impairment of capital. Any transfer of the stock of a domestic insurer made during the existence of any impairment of such insurer's capital does not release the stockholder making the transfer from any liability as a stockholder of such insurer which accrued prior to such transfer.