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Code · Washington · Title 48 — Insurance · Chapter 48.08

RCW 48.08.040

58 words·~1 min read·/wa/title-48/chapter-48-08/48-08-040·

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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 s .08.04; Rem. Supp. 1947 s 45.08.04.]
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