California Insurance Code

§ 1046

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

INS § 1046Div. 1 · Part 2 · Ch. 1 · Art. 14

Statute text

View on leginfo.ca.gov

Said mutualization plan shall include provisions for:

(a)The acquisition by such insurer of all outstanding shares of its capital stock at a price and upon terms and conditions to be fixed as hereinafter provided.

(b)The retirement of said shares of stock when acquired by such insurer.

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Legislative history

Amended by Stats. 1935, Ch. 291.