 Sec. 2. It is further provided that the guaranty of any such company shall not be accepted by heads of departments or others, as provided in section one of this act, whenever its liabilities shall exceed its assets, as ascertained in the manner provided...  Documents of the Assembly of the State of New York - Page 923by New York (State). Legislature. Assembly - 1882Full view - About this book
 | 1883 - 662 pages
...Section 2 further provides that the guaranty of any such company shall not be accepted "by such officers" whenever its liabilities shall exceed its assets, as ascertained in the manner provided in § 3. Section 3 contains provisions for the ascertainment of the assets of such companies by the Superintendent... | |
 | California - 1880 - 864 pages
...liabilities shall exceed its assets, as ascertained in the manner provided in section three of this Act. SEC. 3. Whenever the liabilities of any such company shall exceed its assets, the Insurance Commissioner shall require the deficiency to b« paid up within sixty days, and if it is... | |
 | New York (State) - 1881 - 1058 pages
...such company when not shall not be accepted by heads of departments, or others, as pravided j^e ^ in section one of this act, whenever its liabilities...the liabilities of any such company shall exceed its Duty of assets the superintendent of the insurance department shall require Jcndenlr the deficiency... | |
 | New York (State) - 1883 - 342 pages
...any such cornaccepted, pany shall not be accepted by heads of departments, or others, as provided in section one of this act whenever its liabilities shall...the manner provided in section three of this act. Duty of § 3. Whenever the liabilities of any such company shall exceed tendentin its assets the superintendent... | |
 | New Jersey - 1883 - 896 pages
...departments «h«n liabilities or other public officers, as provided in section one of this exceed iu a»ets. act, whenever its liabilities shall exceed its assets,...the manner provided in section three of this act. 3. And be it enacted, That whenever the liabilities of any when ii«i>mu» such company shall exceed its... | |
 | New York (State). Superior Court (New York), James Clark Spencer, Samuel Jones - 1884 - 622 pages
...required by law of other sureties." If it should appear on such justification that "its liabilities exceed its assets, as ascertained in the manner provided in section three of this act," the act forbids the acceptance of the guarantee. The alternative is is not that the court shall approve... | |
 | Nathan Howard (Jr.), Rowland M. Stover - 1884 - 658 pages
...other sureties. It is provided by section 2 that the guaranty of any such company shall not be accepted whenever its liabilities shall exceed its assets, as ascertained in the manner provided in section 3 of the act. The " manner provided " in section 3 is that the outstanding indebtedness shall be charged... | |
 | 1885 - 512 pages
...other sureties. It is provided by section 2 that the guaranty of any such company shall not be accepted whenever its liabilities shall exceed its assets, as ascertained in the manner provided in section 3 of the act. The "manner provided" in sections is that the outstanding indebtedness shall be charged... | |
 | California - 1886 - 758 pages
...guaranty of any such company shall not be accepted by heads of departments or others, as provided in section one of this act, whenever its liabilities...the manner provided in section three of this act. Duty of insurance, commiteioner. SEC. 3. Whenever the liabilities of any such company shall exceed... | |
 | Ohio - 1891 - 1022 pages
...corporation shall not be accepted or approved as such surety unless its assets shall exceed its liabilities, as ascertained in the manner provided in section three of this act ; and further provided, that such corporation shall have complied with all the requirements of this... | |
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