Colorado Statutes
§ 10-3-1704 — Plan of division - dividing insurer to not survive division
If a
dividing insurer will not survive a division, the plan of division must include, in
addition to the requirements described in section 10-3-1702, the manner in which
the dividing insurer will cancel or convert shares in the dividing insurer into shares,
securities, obligations, rights to acquire shares or securities, cash, property, or any
combination thereof.
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Legislative History
Source: L. 2021: Entire part added, (HB 21-1013), ch. 144, p. 845, � 1, effective
September 7.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
Company unauthorized in other states