15 U.S.C. § 3906 — Injunctive orders issued by United States district courts
submitted 40 years ago by Pub. L. 97-45 to r/title-15-COMMERCE-AND-TRADE · 93 words · no verdicts yet
This section addresses Injunctive orders issued by United States district courts. It states the duties, permissions, limits, and exceptions set out in the section.
Any district court of the United States may issue an order enjoining a risk retention group from soliciting or selling insurance, or operating, in any State (or in all States) or in any territory or possession of the United States upon a finding of such court that such group is in hazardous financial condition. Such order must be binding on such group, its officers, agents, and employees, and on any other person acting in active concert with any such officer, agent, or employee, if such other person has actual notice of such order.
Any district court of the United States may issue an order enjoining a risk retention group from soliciting or selling insurance, or operating, in any State (or in all States) or in any territory or possession of the United States upon a finding of such court that such group is in hazardous financial condition. Such order shall be binding on such group, its officers, agents, and employees, and on any other person acting in active concert with any such officer, agent, or employee, if such other person has actual notice of such order.
Source credit: (Pub. L. 97–45, § 7, as added Pub. L. 99–563, § 9, Oct. 27, 1986, 100 Stat. 3176.)
- 1986Enacted · Pub. L. 97-45 · 100 Stat. 3176
A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-45 on 1986-10-27.
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