§237.10. Filing of certificate of compliance; effective date of reorganization
A. On or prior to the effective date of the reorganization, the reorganizing mutual shall file with the commissioner a certificate stating that:
(1) All of the conditions set forth in the plan of reorganization, including a final order by the commissioner granting permission to reorganize in accordance with the plan of reorganization pursuant to R.S. 22:237.6 and approval by qualified voters pursuant to R.S. 22:237.7, have been satisfied.
(2) The board of directors of the reorganizing mutual has not abandoned the plan of reorganization.
B. Notwithstanding the provisions of R.S. 12:23, the articles of incorporation of the reorganizing mutual, or multiple originals thereof, after having been submitted to and approved by the commissioner, shall be filed with the office of the secretary of state and recorded in the office of the recorder of mortgages of the parish in which the registered office of the reorganizing mutual is situated. Two certified copies of the articles of incorporation, bearing the certificate of the proper recorder of mortgages, showing the date and hour when the articles were filed, shall be delivered to the commissioner and one of said copies recorded in his office; and when all taxes, fees, and charges have been paid as required by law, the commissioner shall certify the date and hour when the corporate existence of the reorganized company began.
C. The reorganization shall be effective upon the date and hour certified by the commissioner, which shall be the later of: (1) the date and hour when the articles of incorporation were filed for record in the office of the proper recorder of mortgages; or (2) such other date and time specified in the articles of incorporation as the date and hour when the reorganization shall be effective, which shall not be later than the tenth day after the date the articles of incorporation are recorded.
§237.10. Filing of certificate of compliance; effective date of reorganization
A. On or prior to the effective date of the reorganization, the reorganizing mutual shall file with the commissioner a certificate stating that:
(1) All of the conditions set forth in the plan of reorganization, including a final order by the commissioner granting permission to reorganize in accordance with the plan of reorganization pursuant to R.S. 22:237.6 and approval by qualified voters pursuant to R.S. 22:237.7, have been satisfied.
(2) The board of directors of the reorganizing mutual has not abandoned the plan of reorganization.
B. Notwithstanding the provisions of R.S. 12:23, the articles of incorporation of the reorganizing mutual, or multiple originals thereof, after having been submitted to and approved by the commissioner, shall be filed with the office of the secretary of state and recorded in the office of the recorder of mortgages of the parish in which the registered office of the reorganizing mutual is situated. Two certified copies of the articles of incorporation, bearing the certificate of the proper recorder of mortgages, showing the date and hour when the articles were filed, shall be delivered to the commissioner and one of said copies recorded in his office; and when all taxes, fees, and charges have been paid as required by law, the commissioner shall certify the date and hour when the corporate existence of the reorganized company began.
C. The reorganization shall be effective upon the date and hour certified by the commissioner, which shall be the later of: (1) the date and hour when the articles of incorporation were filed for record in the office of the proper recorder of mortgages; or (2) such other date and time specified in the articles of incorporation as the date and hour when the reorganization shall be effective, which shall not be later than the tenth day after the date the articles of incorporation are recorded.
§237.10. Filing of certificate of compliance; effective date of reorganization
A. On or prior to the effective date of the reorganization, the reorganizing mutual shall file with the commissioner a certificate stating that:
(1) All of the conditions set forth in the plan of reorganization, including a final order by the commissioner granting permission to reorganize in accordance with the plan of reorganization pursuant to R.S. 22:237.6 and approval by qualified voters pursuant to R.S. 22:237.7, have been satisfied.
(2) The board of directors of the reorganizing mutual has not abandoned the plan of reorganization.
B. Notwithstanding the provisions of R.S. 12:23, the articles of incorporation of the reorganizing mutual, or multiple originals thereof, after having been submitted to and approved by the commissioner, shall be filed with the office of the secretary of state and recorded in the office of the recorder of mortgages of the parish in which the registered office of the reorganizing mutual is situated. Two certified copies of the articles of incorporation, bearing the certificate of the proper recorder of mortgages, showing the date and hour when the articles were filed, shall be delivered to the commissioner and one of said copies recorded in his office; and when all taxes, fees, and charges have been paid as required by law, the commissioner shall certify the date and hour when the corporate existence of the reorganized company began.
C. The reorganization shall be effective upon the date and hour certified by the commissioner, which shall be the later of: (1) the date and hour when the articles of incorporation were filed for record in the office of the proper recorder of mortgages; or (2) such other date and time specified in the articles of incorporation as the date and hour when the reorganization shall be effective, which shall not be later than the tenth day after the date the articles of incorporation are recorded.
