§431:4-205 - Illegal dividends; reductions.
§431:4-205 Illegal dividends; reductions.
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 violation of this code. [L 1987, c 347, pt of §2]