The amount of capital received by an insurance corporation upon its stock shall be a liability of the corporation for the purpose of determining the power of the corporation to make any distribution of money or other assets to its shareholders or members.
15 Pa.C.S. § 3122
Distributions by insurance corporations
Known as the Associations Code
The act spans §§ 15-101–15-9507 (683 sections).
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.