375.183. Director to investigate incorporators, directors and proposed officers, approval withheld, when.
Director to investigate incorporators, directors and proposedofficers, approval withheld, when.
375.183. The director shall not approve any declaration oforganization or articles of incorporation or issue a certificateof authority to any company until he has found that there is nogood reason to believe that the incorporators, directors andproposed officers are affiliated, directly or indirectly, throughownership, control, management, reinsurance transactions or otherinsurance or business relations with any person or persons knownto have been involved in the improper manipulation of assets,accounts or reinsurance.
(L. 1967 p. 516)