ARTICLE 2. Powers

Article 2 enacted by Stats. 1935, Ch. 145.

§§ 5080–5081 · 2 sections

• § 5080 Such insurer and its directors possess the usual powers, and are subject to the usual duties of corporations and directors.
• § 5081 Such insurer may accumulate such surplus as its directors deem desirable for meeting contingencies, to cover the catastrophe hazard, and for general corporate…