Stock transfer during impairment of capital
Any transfer of the stock of a domestic insurer made during the existence of any impairment of such insurer's capital does not release the stockholder making the transfer from any liability as a stockholder of such insurer which accrued prior to such transfer.
| EnactedEn. SectionSec. 459, ChapterCh. 286, Laws ofL. 1959 |
| Revised Codes of MontanaR.C.M. 1947, 40-4742. |