52-9-19. Money and property of the company.
89 words·~1 min read·
/nm/chapter-52-workers-compensation/article-9-employers-mutual-company/52-9-19·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All premiums and other money paid to the company, all property and securities acquired through the use of money belonging to the company and all interest and dividends earned upon money belonging to the company and deposited or invested by the company are the sole property of the company and shall be used exclusively for the operation and obligations of the company. The money of the company is not state money. The property of the company is not state property.
History: Laws 1990 (2nd S.S.), ch. 2, § 139.