D.C. Code § 31-4433
Classification of risks and members, payment of dividends, and creation of surplus by mutual companies.
Effective Jun 19, 1934June 19, 1934, 48 Stat. 1152, ch. 672, ch. III, § 33
A mutual company may, in its articles of incorporation or in its bylaws, provide for the classification of its risks and of its members and for the payment of dividends and for the creation of a surplus.
History
June 19, 1934, 48 Stat. 1152, ch. 672, ch. III, § 33
Prior Codifications
1973 Ed., § 35-533.
1981 Ed., § 35-632.