Insurance Laws of Pennsylvania
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In our eReader you can find the full English version of the book. Read Insurance Laws of Pennsylvania Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Insurance Laws of Pennsylvania
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Of the renewal of charter*.
tifled under the seal of the corporation, and a copy of which resolution, certified under the seal of the ofQce of the Secretary of the Commonwealth, shall be evi- demce for all purposes.
Section 28. Whenever the capital stock of any joint stock tire or marine insurance company, heretofore or hereafter organized, becomes impaired, it shall be law- ful for its board of directors, by a resolution approved by at least two-thirds of the directors, to reduce the capital s...tock of said company in proportion to the ex- tent of impairment, but to an amount not less than that required by this act for the organization of such company, the assent of the Insurance Commissioner having first been obtained to said reduction, as pro- vided in the act of the fourth of Aprils one thousand eight hundred and seventy-three, establishing an In- surance Department.
Section 29. Any joint-stock fire insurance company, heretofore organized under any law of this State, which has taken notes or obligations of its stock- holders for any portion of the amount subscribed by them to its capital stock, shall require the makers of such notes or obligations to pay twenty per centum of the same during the year one thousand eight hun- dred and seventy-six, and twenty per centum per an- num thereafter until paid.
What to read after Insurance Laws of Pennsylvania?
You can find similar books in the "Read Also" column, or choose other free books by Pennsylvania to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Of the renewal of charter*.
tifled under the seal of the corporation, and a copy of which resolution, certified under the seal of the ofQce of the Secretary of the Commonwealth, shall be evi- demce for all purposes.
Section 28. Whenever the capital stock of any joint stock tire or marine insurance company, heretofore or hereafter organized, becomes impaired, it shall be law- ful for its board of directors, by a resolution approved by at least two-thirds of the directors, to reduce the capital s...tock of said company in proportion to the ex- tent of impairment, but to an amount not less than that required by this act for the organization of such company, the assent of the Insurance Commissioner having first been obtained to said reduction, as pro- vided in the act of the fourth of Aprils one thousand eight hundred and seventy-three, establishing an In- surance Department.
Section 29. Any joint-stock fire insurance company, heretofore organized under any law of this State, which has taken notes or obligations of its stock- holders for any portion of the amount subscribed by them to its capital stock, shall require the makers of such notes or obligations to pay twenty per centum of the same during the year one thousand eight hun- dred and seventy-six, and twenty per centum per an- num thereafter until paid.
What to read after Insurance Laws of Pennsylvania?
You can find similar books in the "Read Also" column, or choose other free books by Pennsylvania to read onlineMoreLess
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