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California Insurance Code

§ 1450

INS § 1450Div. 1 · Part 2 · Ch. 3 · Art. 9

Statute text

View on leginfo.ca.gov
The exchange may sue or be sued in its own name as in the case of an individual. Any judgment rendered against the exchange shall be binding upon each subscriber only in such proportion as his interests may appear.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 1450 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.