HB 549, 48th R.S.
Relating to requiring all limited capital stock insurance companies created prior to the effective date of this Act to increase their paid-up capitol stock to a minimum of $100,000 within three years after the effective date of this Act, at the rate of not less than one-third each year, after the effective date of this Act, of the amount necessary to effect such minimum increase, upon penalty of forfeiture of their licenses and charters for non-compliance.
The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions.
Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.