17:26-6 - Mutual company becoming stock company
17:26-6.Ā Mutual company becoming stock company
Any mutual insurance company of this state may, with the consent of all itsĀ members, after giving notice once in each week for six weeks in a newspaper ofĀ this state published in the county where the principal office of the company isĀ located, change to a joint stock company, by proceeding in accordance with, andĀ conforming its charter to, the provisions of this subtitle.
Ā
Any mutual insurance company of this state may, with the consent of all itsĀ members, after giving notice once in each week for six weeks in a newspaper ofĀ this state published in the county where the principal office of the company isĀ located, change to a joint stock company, by proceeding in accordance with, andĀ conforming its charter to, the provisions of this subtitle.
Ā
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