{"data":{"id":"us-ky/krs-304.24-320","jurisdiction":"us-ky","citation":"KRS 304.24-320","heading":"Dividends to stockholders.","body":"(1) An insurer shall not pay any dividend to stockholders except out of that part of its\nsurplus funds which is derived from any realized net profits. No cash dividend shall\nbe paid nor distribution of assets made out of any surplus funds resulting from a\ndecrease of capital stock effective within two (2) years prior to the declaration of the\ndividend.\n(2) \"Surplus funds\" means the excess of the insurer's assets over its liabilities, including\nits capital stock as a liability.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29564","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:51Z","sha256":"5908a698e17444ea0363d19af532a52896aee19eb50e130ac858b63906dddb99","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.24-310","next":"us-ky/krs-304.24-330"},"notice":"GroundRules: Original legal text. Not legal advice."}