515.46  Forfeiture of certificate of authority.

Any dividend made contrary to the provisions of sections 515.44 and 515.45 shall subject the company making it to forfeiture of its certificate of authority.

Section History: Early form

  [C73, § 1136; C97, § 1702; C24, 27, 31, 35, 39, § 8938; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.46]


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