Public-domain · open source
OpenJurist

Me. Rev. Stat. tit. 24-A, § 3611

Guaranty capital shares; increase of paid-in capital

PL 1969, c. 132, §1 (NEW)

If an insurer heretofore or hereafter has been authorized to transact insurance upon the basis of guaranty capital shares not 100% paid-in, the unpaid portion of such guaranty or so much thereof as the superintendent deems necessary, shall be paid in at such times as in the opinion of the superintendent is necessary for the adequate protection of the policyholders.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.