(a) A membership interest in a mutual insurance holding company shall not constitute an equity security as defined in § 31-603.
(b) A mutual insurance holding company created under this subchapter shall have the same powers to borrow or assume liability as a reciprocal insurance company organized under District law.
(May 12, 1998, D.C. Law 12-112, § 7, 45 DCR 1792.)
1981 Ed., § 35-3746.
See Historical and Statutory Notes following § 31-751.
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