Minn. Stat. § 66A.14
Dividends
Minnesota · Minnesota Statutes Chapter 66A — Mutual Companies · Status: effective
Cite this
- Citation
- Minn. Stat. § 66A.14, Dividends, Minnesota, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1698412
- Permanent ID
ys:prov:1698412@1- SHA-256
09fa50ceed33c714c21cc5c47ac46fb65a717d622fec5b834003886f61d0c5e6
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The board of directors of any mutual insurance company may from time to time fix and determine the amounts to be paid during the year as dividends or a refund of savings and gains to policyholders; provided, that no dividend or refund shall discriminate between members of the same class and no dividend or refund shall be declared or distributed except out of the net divisible surplus of the company, and no company shall pay or credit a policyholder any sum in anticipation of a future dividend or refund.