Home/Pennsylvania/Statutes/Title 15: CORPORATIONS AND UNINCORPORATED ASSOCIATIONS/Part: PART II/Ch. 31: INSURANCE CORPORATIONS/Subch.: POWERS, DUTIES AND SAFEGUARDS/§ 3122
Pennsylvania Statutes

§ 3122 — Distributions by insurance corporations

Pennsylvania § 3122
JurisdictionPennsylvania
Title 15CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
PartPART II
Ch. 31INSURANCE CORPORATIONS
Subch.POWERS, DUTIES AND SAFEGUARDS

This text of Pennsylvania § 3122 (Distributions by insurance corporations) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
15 Pa. Cons. Stat. § 3122 (2026).

Text

The amount of capital received by an insurance corporation upon its stock shall be a liability of the corporation for the purpose of determining the power of the corporation to make any distribution of money or other assets to its shareholders or members.

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Legislative History

Cross References.Section 3122 is referred to in section 1551 of this title.

Nearby Sections

15
§ 3101
Application and effect of chapter
§ 3102
Definitions
§ 311
Short title of chapter
§ 312
Definitions
§ 3121
Bylaws
§ 3122
Distributions by insurance corporations
§ 313
Relationship of chapter to other provisions of law
§ 3131
Directors
§ 3132
Officers
§ 3133
Notice of meetings of members of mutual insurance companies
§ 3134
Quorum at shareholder or member meetings
§ 3135
Proxies of members of mutual insurance companies
§ 3136
Judges of election
§ 3137
Appointment of custodian
§ 3138
Judicial supervision of corporate action
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Bluebook (online)
Pennsylvania § 3122, Counsel Stack Legal Research, https://law.counselstack.com/statute/pa/15/3122.