1450-1453

INSURANCE CODE
SECTION 1450-1453




1450.  The exchange may sue or be sued in its own name as in the
case of an individual. Any judgment rendered against the exchange
shall be binding upon each subscriber only in such proportion as his
interests may appear.


1451.  No action shall lie against any subscriber, upon any
obligation made or incurred in the name of the exchange, until a
final judgment has been obtained against the exchange and remains
unsatisfied for thirty days.


1452.  Process may be served upon the commissioner as provided in
Article 1 (commencing with Section 12919) of Chapter 2 of Division 3.



1453.  A judgment rendered in any case where service of process has
been made on the commissioner shall be binding against the
subscribers as their interests appear.