The amount of capital received by an insurance corporation upon its stock shall be a liability of the corporation for the purpose of determining the power of the corporation to make any distribution of money or other assets to its shareholders or members.
Cross References. Section 3122 is referred to in section 1551 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 31 - Insurance Corporations
Section 3101 - Application and effect of chapter
Section 3122 - Distributions by insurance corporations
Section 3133 - Notice of meetings of members of mutual insurance companies
Section 3134 - Quorum at shareholder or member meetings
Section 3135 - Proxies of members of mutual insurance companies
Section 3136 - Judges of election