431:4-205 Illegal dividends; reductions.

HI Rev Stat § 431:4-205 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

§431:4-205 Illegal dividends; reductions. Any director of a domestic stock insurer who votes for or concurs in the declaration or payment of any dividend to stockholders or a reduction of capital stock not authorized by law shall, in addition to any other liability imposed by law, be guilty of violation of this code. [L 1987, c 347, pt of §2]