515.39 - OWNERSHIP OF ASSETS -- OATH.
515.39 OWNERSHIP OF ASSETS -- OATH. The incorporators or officers of any such company, or proposed company, shall be required to state to the commissioner of insurance under oath that the capital or assets exhibited to the person making the examination are actually and in good faith the property of the company examined, and free and clear of any lien or claim on the part of any other person.
Section History: Early Form [C73, § 1131; C97, § 1700; C24, 27, 31, 35, 39, § 8931; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.39]