California Insurance Code

§ 690

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

INS § 690Div. 1 · Part 2 · Ch. 1 · Art. 2

Statute text

View on leginfo.ca.gov

If any paid in capital of an insurer is, or is to be, represented by shares of stock, such insurer shall not be organized in this State or admitted to transact any class of insurance in this State, unless all of such shares, authorized or issued, have a specified par value.

Legislative history

Enacted by Stats. 1935, Ch. 145.