{"code":"INS","codeName":"Insurance Code","section":"1450","citation":"Ins. Code, § 1450","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1"},{"name":"PART 2. THE BUSINESS OF INSURANCE [680. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1/part-2"},{"name":"CHAPTER 3. Reciprocal Insurers [1280. - 1560.19.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-3"},{"name":"ARTICLE 9. Suits [1450. - 1453.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-3/article-9"}],"history":"Enacted by Stats. 1935, Ch. 145.","effective":null,"html":"<p>The exchange may sue or be sued in its own name as in the case of an individual. Any judgment rendered against the exchange shall be binding upon each subscriber only in such proportion as his interests may appear.</p>","text":"The exchange may sue or be sued in its own name as in the case of an individual. Any judgment rendered against the exchange shall be binding upon each subscriber only in such proportion as his interests may appear.","otherVersions":[],"url":"https://blackletter.si/insurance-code/suits-1450","source":"California Legislative Information bulk export (pubinfo)"}