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California Insurance Code

§ 1451

INS § 1451Div. 1 · Part 2 · Ch. 3 · Art. 9
No action shall lie against any subscriber, upon any obligation made or incurred in the name of the exchange, until a final judgment has been obtained against the exchange and remains unsatisfied for thirty days.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 1451 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.