DIVIDENDS TO STOCKHOLDERS.

  1. Law
  2. Idaho Code
  3. INSURANCE
  4. ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS
  5. DIVIDENDS TO STOCKHOLDERS.

Checkout our iOS App for a better way to browser and research.

41-2843. DIVIDENDS TO STOCKHOLDERS. A domestic stock insurer shall not pay any dividend to stockholders except out of earned surplus. Prior to payment thereof, the director, in his discretion, may approve the payment of a dividend from other than earned surplus. For purposes of this section, "earned surplus" shall include surplus arising from unrealized capital gains or revaluation of assets.

History:

[41-2843, added 1961, ch. 330, sec. 611, p. 645; am. 1993, ch. 194, sec. 14, p. 506.]


Download our app to see the most-to-date content.