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Dec. 1, 2017
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2016 Statute

Section Number

40-4001 - Conversion authority; review by commissioner; act to be liberally construed.
40-4002 - Resolution by board of directors; plan of conversion; approval by commissioner and policyholders; withdrawal or amendment of plan.
40-4003a - Plan of conversion; terms and conditions.
40-4003b - Same; establishment of closed block for policyholder dividends.
40-4003c - Continuation in force of policies; extinguishment of policyholder rights.
40-4004 - Consideration and approval or disapproval of plan by commissioner; hearings.
40-4005 - Same; meeting for approval by policyholders.
40-4006 - Limitation on ownership of voting stock of converted insurer; violations; remedies.
40-4007 - Prohibition on certain persons benefiting from assistance in conversion.
40-4008 - Issuance of certificate of authority as final act of conversion; conversion not to affect rights of insurer.
40-4009 - Directors and officers of mutual insurer, service.
40-4010 - Securities issued under plan exempt from securities laws.
40-4011 - Actions challenging validity of conversion; security required.
40-4012 - Rules and regulations.
40-4013 - Commissioner to charge insurer for expenses.
40-4014 - Filing amended articles of incorporation with secretary of state.
2017. Powered by KLISS. Rendered: 2017-12-01T10:43:08. Head Rev No: 340039