SB 373, 57th R.S.
Relating to amending the Insurance Code to provide that the capital stock of a domestic insurance company with a nominal or par value shall be divided into shares of not less than one dollar ($1.00) each, and not more than one hundred dollars ($100.00) each, providing that at least fifty percent of the authorized shares shall be in good faith subscribed and paid for; and further providing certain requirements essential to the issuance and sale of such stock and the reports to be filed thereon.
Author: Charles Herring
Subjects:
Financial--General
Insurance--Insurers & Agents
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