Mont. Code § 33-3-435

Current through the 2023 Regular Session
Section 33-3-435 - Stock transfer during impairment of capital

Any transfer of the stock of a domestic insurer made during the existence of any impairment of such insurer's capital does not release the stockholder making the transfer from any liability as a stockholder of such insurer which accrued prior to such transfer.

§ 33-3-435, MCA

En. Sec. 459, Ch. 286, L. 1959; R.C.M. 1947, 40-4742.