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AGO Opinions with Topic: FOREIGN STOCK INSURANCE COMPANY
AGO 1960 No. 101 >  February 24, 1960
INSURANCE - FOREIGN STOCK INSURANCE COMPANY
ADMISSION TO DO BUSINESS IN STATE WHERE ARTICLES OF INCORPORATION DO NOT PROVIDE FOR SUPERADDED LIABILITY OF SHAREHOLDERS An otherwise qualified foreign stock insurance company can be admitted to do business in Washington if its articles of incorporation do not (or under the law of the state of its domicile cannot) provide for liability of shareholders in the amount of the par value of their stock in addition to the amount paid for the shares.
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