{"data":{"id":"us-ga/o.c.g.a.-33-14-74","jurisdiction":"us-ga","citation":"O.C.G.A. § 33-14-74","heading":"Liability of directors for declaration or payment of illegal dividend.","body":"Any director of a domestic mutual insurer who willfully and with knowledge votes for or concurs in a declaration or payment of a dividend which reduces surplus below the minimum required surplus shall be guilty of a misdemeanor and shall be jointly and severally liable, together with other such directors likewise voting for or concurring in willfully and with knowledge, for any loss thereby sustained by the insurer.","path":["TITLE 33 Insurance","CHAPTER 14 Domestic Stock and Mutual Insurers","Article 3 Domestic Mutual Insurers"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.33.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"1b609caf24d27e0ffa6d046a50d0d335689b5cac215636ca537446e40898cbb6","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-33-14-73","next":"us-ga/o.c.g.a.-33-14-75"},"notice":"GroundRules: Original legal text. Not legal advice."}