26.1-11-02. Liability of officers, agents, and stockholders of noncomplying foreign company - Penalty

26.1-11-02. Liability of officers, agents, and stockholders of noncomplying foreign company - Penalty. Any failure to comply with section 26.1-11-01 renders each officer, agent, and stockholder of any foreign insurance company failing to comply therewith jointly and severally liable on all contracts of the company made within this state during the time the company is in default. Each officer and agent of the noncomplying company is guilty of a class A misdemeanor.