RCW 48.08.010
Increase of capital stock.
(1) Increase of the capital stock of a domestic stock insurer shall be by amendment to its articles of incorporation.
(2) If the increased capital stock is to be distributed as a stock dividend, such increased capital stock may be fully paid in out of any available surplus funds as is provided in RCW 48.08.030, and such payment shall be effected by a transfer on the insurer's books from its surplus account to its capital account.
(3) When the increased capital has been fully paid in, a certificate to such effect shall be made in quadruplicate under oath and the corporate seal by the insurer's president and secretary and filed in the public offices named in RCW 48.07.070.
[ 1953 c 197 § 4; 1947 c 79 § .08.01; Rem. Supp. 1947 § 45.08.01.]
Structure Revised Code of Washington
Chapter 48.08 - Domestic Stock Insurers.
48.08.010 - Increase of capital stock.
48.08.020 - Reduction of capital stock.
48.08.030 - Dividends to stockholders.
48.08.040 - Illegal dividends, reductions—Penalty against directors.
48.08.050 - Impairment of capital.
48.08.060 - Repayment of contributions to surplus.
48.08.070 - Participating policies.
48.08.080 - Mutualization of stock insurers.
48.08.090 - Stockholder meetings—Duty to inform stockholders of matters to be presented—Proxies.
48.08.100 - Equity security—Defined.
48.08.110 - Equity security—Duty to file statement of ownership.
48.08.120 - Equity security—Profits from short term transactions—Remedies—Limitation of actions.
48.08.130 - Equity security—Sales, unlawful practices.
48.08.140 - Equity security—Exemptions—Sales by dealer.
48.08.150 - Equity security—Exemptions—Foreign or domestic arbitrage transactions.
48.08.170 - Equity security—Rules and regulations.
48.08.190 - Failure to file required information, documents, or reports—Forfeiture.