Section 26-24-144 - Impairment of Capital or Assets; Transfer of Shares During Impairment

26-24-144. Impairment of capital or assets; transfer of shares during impairment. Transfer of shares of stock of a domestic stock insurer made at a time when the insurer's capital or surplus is impaired, as referred to in W.S. 26-24-141(a), whether before, during or after the period allowed by the commissioner for curing the impairment, does not release the party making the transfer from liability as to impairment accruing prior to the transfer and while the party was a stockholder.