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Statutes > Washington > Title-48 > 48-08 > 48-08-040

Illegal dividends, reductions — Penalty against directors.

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

State Codes and Statutes

Statutes > Washington > Title-48 > 48-08 > 48-08-040

Illegal dividends, reductions — Penalty against directors.

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

State Codes and Statutes

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State Codes and Statutes

Statutes > Washington > Title-48 > 48-08 > 48-08-040

Illegal dividends, reductions — Penalty against directors.

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

State Codes and Statutes

Illegal dividends, reductions — Penalty against directors.

State Codes and Statutes

Illegal dividends, reductions — Penalty against directors.

State Codes and Statutes

State Codes and Statutes

Illegal dividends, reductions — Penalty against directors.

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