District of Columbia Statutes
§ 31-756 — Applicability; membership interest; powers.
District of Columbia·Title 31 Insurance and Securities.·Ch. 7 Holding Companies.·Subch. III Reciprocal Insurance Company Conversion.
(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.
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Legislative History
May 12, 1998, D.C. Law 12-112, § 7, 45 DCR 1792
Nearby Sections
15
§ 31-1001
Report requirement.§ 31-1004
Confidentiality.§ 31-101
Definitions.§ 31-103
Functions and duties.§ 31-105
Transfers.§ 31-106
Organization.§ 31-106.01
Student Loan Ombudsman.§ 31-106.02a
Prohibited conduct – student loan servicers.§ 31-106.02b
Affirmative duties – student loan servicers.§ 31-106.02c
Prohibited acts – private education lenders.