California Statutes
§ 8091. — 8091. (Enacted by Stats. 1935, Ch. 145.)
California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 1. PART 1. FIRE AND MARINE INSURANCE·Ch. 6. CHAPTER 6. County Mutual Fire Reinsurers·Art. 6. ARTICLE 6. Assessments and Coverage of Loss
When the amount of such loss does not exceed one-eighth of one per cent of the total amount of insurance in force in the reinsurer, the directors may, by resolution in writing signed by two-thirds of all the directors while present at a meeting, borrow in the name of the reinsurer and give its evidence of indebtedness therefor, in an amount not exceeding one-eighth of one per cent of the total amount of such insurance in force.
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California § 8091. (8091. (Enacted by Stats. 1935, Ch. 145.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Stats. 1935, Ch. 145.