The Insurance Statutes of the United States And Canada
The Insurance Statutes of the United States And Canada
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) 47. When the officers, stockholders, or members of an insur- ance company, or any of them, are liable for any of its debts, or for their acts or omissions res|)ecting its business, or when some of them are liable to contribute for money paid by others on account of such debts, acts, or omissions, the party entitled may, instead of any i-emedy otherwise provided, maintain a suit in equity in the supreme judicial court. (Ibid, § 17. ) 48. Each insurance company in this State shall, once in ever...y five years, i^ublish in some newspaper in the city of Boston, and also in some newsx)aper, if there is any, in the county where the corporation is established, a list of all dividends and balances which have remained unclaimed for two years or more, with the names of the persons -to whose credit the dividends or balances stand ; which piiblication shall be continued in three successive papers. (Ibid, § 19. ) 41). Nothing contained in the fifty-ninth chapter of the Gen- eral Statutes, relating to limited partnershii)s, shall authorize such partnerships to be formed for the purpose of banking or insurance.
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To quickly assess the difficulty of the text, read a short excerpt:
) 47. When the officers, stockholders, or members of an insur- ance company, or any of them, are liable for any of its debts, or for their acts or omissions res|)ecting its business, or when some of them are liable to contribute for money paid by others on account of such debts, acts, or omissions, the party entitled may, instead of any i-emedy otherwise provided, maintain a suit in equity in the supreme judicial court. (Ibid, § 17. ) 48. Each insurance company in this State shall, once in ever...y five years, i^ublish in some newspaper in the city of Boston, and also in some newsx)aper, if there is any, in the county where the corporation is established, a list of all dividends and balances which have remained unclaimed for two years or more, with the names of the persons -to whose credit the dividends or balances stand ; which piiblication shall be continued in three successive papers. (Ibid, § 19. ) 41). Nothing contained in the fifty-ninth chapter of the Gen- eral Statutes, relating to limited partnershii)s, shall authorize such partnerships to be formed for the purpose of banking or insurance.
What to read after The Insurance Statutes of the United States And Canada?
You can find similar books in the "Read Also" column, or choose other free books by Charles Cole Hine to read onlineMoreLess
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