District of Columbia Statutes

§ 31-4433 — Classification of risks and members, payment of dividends, and creation of surplus by mutual companies.

District of Columbia·Title 31 Insurance and Securities.·Ch. 44 Domestic Life Companies.
A mutual company may, in its articles of incorporation or in its bylaws, provide for the classification of its risks and of its members and for the payment of dividends and for the creation of a surplus.

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District of Columbia § 31-4433 (Classification of risks and members, payment of dividends, and creation of surplus by mutual companies.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

June 19, 1934, 48 Stat. 1152, ch. 672, ch. III, § 33

Nearby Sections

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