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California Insurance Code

§ 690

INS § 690Div. 1 · Part 2 · Ch. 1 · Art. 2

Statute text

View on leginfo.ca.gov
If any paid in capital of an insurer is, or is to be, represented by shares of stock, such insurer shall not be organized in this State or admitted to transact any class of insurance in this State, unless all of such shares, authorized or issued, have a specified par value.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 690 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.