Minnesota Statutes 60A.12 – Assets and Liabilities
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Subdivision 1.
[Repealed, 2000 c 350 s 16]
Subd. 2.
Terms Used In Minnesota Statutes 60A.12
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Terms Used In Minnesota Statutes 60A.12
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
[Repealed, 1991 c 325 art 8 s 18]
Subd. 3.
[Repealed, 2000 c 350 s 16]
Subd. 4.
[Repealed, 2000 c 350 s 16]
Subd. 5.Loss reserves.
When, in the judgment of the commissioner, the loss reserves, calculated in accordance with statutory accounting practices as set forth in the National Association of Insurance Commissioners’ accounting practices and procedures manual are inadequate, the commissioner may require the corporation to maintain additional reserves.
Subd. 6.
[Repealed, 1978 c 465 s 15]
Subd. 7.
[Repealed, 2000 c 350 s 16]
Subd. 8.
[Repealed, 2000 c 350 s 16]
Subd. 9.
[Repealed, 2000 c 350 s 16]
Subd. 10.
[Repealed, 1993 c 299 s 33]