375.430. Certificate revoked if judgment not satisfied. — Whenever any judgment shall be obtained in any of the courts of this state against any insurance company doing business in this state, and said judgment shall remain unsatisfied for fifteen days after execution shall have been lawfully issued thereon, the certificate of authority or license to do business issued or granted to such insurance company shall immediately be suspended or revoked by the director of the department of commerce and insurance, upon said director being notified thereof, and such insurance company shall, after such suspension or revocation, be prohibited from transacting any business in this state until such judgment shall be satisfied.
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(RSMo 1939 § 6041)
Prior revisions: 1929 § 5930; 1919 § 6338; 1909 § 7069
---- end of effective 28 Aug 1939 ----
use this link to bookmark section 375.430
Effective dates prior to 1940 may not be the actual effective date. See FAQ 'When do laws become effective?'
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