La. Stat. tit. 23 § 1405.1
Current with changes from the 2024 legislative session, Chs. 3, 6-496, effective on or before 7/1/2024
Section 23:1405.1 - Conversion to stock corporation; conditions; approval; laws applicableA. Notwithstanding any law to the contrary, the corporation shall not convert to a domestic stock insurer except in accordance with general law applicable to such conversion and only with the prior approval of the legislature, by concurrent resolution adopted by a majority of the elected members of each house of the legislature.B. If the corporation converts to a domestic stock insurer, it shall be subject to laws applicable to domestic stock insurers.Acts 1999, No. 1256, §1, eff. 7/12/1999.