33-3-435. 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.

     History: En. Sec. 459, Ch. 286, L. 1959; R.C.M. 1947, 40-4742.