Wyoming § 26-24-133 Dividends to stockholders

Wyoming Statutes

§ 26-24-133 — Dividends to stockholders

Wyoming § 26-24-133

Title 26Insurance Code

Ch. 24ORGANIZATION AND CORPORATE PROCEDURES OF LEGAL

This text of Wyoming § 26-24-133 (Dividends to stockholders) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 26-24-133 (2026).

Text

(a)No domestic stock insurer shall pay any cash dividend to stockholders except out of that part of its available and accumulated surplus funds which is derived from realized net operating profits on its business and realized capital gains.

(b)A cash dividend otherwise lawful may be payable out of the insurer's earned surplus even though its total surplus is then less than the aggregate of its past contributed surplus resulting from issuance of its capital stock at a price in excess of the par value thereof.

(c)A stock dividend may be paid out of any available surplus funds in excess of the aggregate amount of surplus advanced to the insurer under arrangements authorized in W.S. 26-24-131 and then remaining unpaid by the insurer.

(d)Payment of a stock dividend is otherwise subject to W

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(a) No domestic stock insurer shall pay any cash dividend
to stockholders except out of that part of its available and
accumulated surplus funds which is derived from realized net
operating profits on its business and realized capital gains.
(b) A cash dividend otherwise lawful may be payable out of
the insurer's earned surplus even though its total surplus is
then less than the aggregate of its past contributed surplus
resulting from issuance of its capital stock at a price in
excess of the par value thereof.
(c) A stock dividend may be paid out of any available
surplus funds in excess of the aggregate amount of surplus
advanced to the insurer under arrangements authorized in W.S.
26-24-131 and then remaining unpaid by the insurer.
(d) Payment of a stock dividend is otherwise subject to
W.S. 17-16-623.