LegalFix
Sign In

Section 379.980 Reorganization of domestic mutual insurance company, authority.

MO Rev Stat § 379.980 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Effective 28 Aug 1996

379.980. Reorganization of domestic mutual insurance company, authority. — A domestic mutual insurance company organized and operating under this chapter may reorganize by forming a mutual insurance holding company as described in section 379.985, or by merging its policyholders' membership into such a mutual insurance holding company. The reorganized insurance company shall continue its corporate existence, either at the time of the reorganization or at some later time as a stock insurance company, or as a mutual insurance company. This authority is in addition to powers granted pursuant to chapter 382.

­­--------

(L. 1996 S.B. 759)

Previous Section
Section 379.978 Written disaster plan, insurer to develop, contents.
Next Section
Section 379.982 Formation of holding company, application — shareholder approval — issuance of shares.