Article 40 - CONVERSION OF DOMESTIC MUTUAL INSURER INTO DOMESTIC STOCK INSURER
- Section 40-4001 - Conversion authority; review by commissioner; act to be liberally construed
- Section 40-4002 - Resolution by board of directors; plan of conversion; approval by commissioner and policyholders; withdrawal or amendment of plan
- Section 40-4003a - Plan of conversion; terms and conditions
- Section 40-4003b - Same; establishment of closed block for policyholder dividends
- Section 40-4003c - Continuation in force of policies; extinguishment of policyholder rights
- Section 40-4004 - Consideration and approval or disapproval of plan by commissioner; hearings
- Section 40-4005 - Same; meeting for approval by policyholders
- Section 40-4006 - Limitation on ownership of voting stock of converted insurer; violations; remedies
- Section 40-4007 - Prohibition on certain persons benefiting from assistance in conversion
- Section 40-4008 - Issuance of certificate of authority as final act of conversion; conversion not to affect rights of insurer
- Section 40-4009 - Directors and officers of mutual insurer, service
- Section 40-4010 - Securities issued under plan exempt from securities laws
- Section 40-4011 - Actions challenging validity of conversion; security required
- Section 40-4012 - Rules and regulations
- Section 40-4013 - Commissioner to charge insurer for expenses
- Section 40-4014 - Filing amended articles of incorporation with secretary of state