Colorado Statutes
§ 10-13-109 — Authority conferred on corporations
Any corporation organized
under the laws of this state, in addition to the rights, powers, and franchises
specified in its articles of incorporation, has full power to exchange insurance
contracts of the kind and character mentioned in section 10-13-101. The right to
exchange such contracts is declared to be incidental to the purposes for which
such corporations are organized and as much granted as the rights and powers
expressly conferred.
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Legislative History
Source: L. 13: p. 373, � 81. C.L. � 2554. CSA: C. 87, � 98. CRS 53: � 72-4-9. C.R.S. 1963: � 72-4-9.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
Company unauthorized in other states