California Insurance Code 690 – If any paid in capital of an insurer is, or is to be, represented by …
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If any paid in capital of an insurer is, or is to be, represented by shares of stock, such insurer shall not be organized in this State or admitted to transact any class of insurance in this State, unless all of such shares, authorized or issued, have a specified par value.
(Enacted by Stats. 1935, Ch. 145.)
Terms Used In California Insurance Code 690
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28