§ 3122. Distributions by insurance corporations.
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§ 3122. Distributions by insurance corporations.
The amount of capital received by an insurance corporation upon its stock shall be a liability of the corporation for the purpose of determining the power of the corporation to make any distribution of money or other assets to its shareholders or members.
15c3122v
Cross References. Section 3122 is referred to in section 1551 of this title.
15c3131h
SUBCHAPTER C
OFFICERS, DIRECTORS AND SHAREHOLDERS
Sec.
3131. Directors.
3132. Officers.
3133. Notice of meetings of members of mutual insurance companies.
3134. Quorum at shareholder or member meetings.
3135. Proxies of members of mutual insurance companies.
3136. Judges of election.
3137. Appointment of custodian.
3138. Judicial supervision of corporate action.
15c3131s