District of Columbia § 31-913 Costs and expenses.

District of Columbia Statutes

§ 31-913 — Costs and expenses.

District of Columbia § 31-913

Title 31Insurance and Securities.

Ch. 9Insurance Demutualization.

This text of District of Columbia § 31-913 (Costs and expenses.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 31-913 (2026).

Text

All costs and expenses connected with a plan of conversion shall be paid for or reimbursed by the mutual company or the converted stock company from the proceeds of the offering; provided, that if the plan provides either for a holding company to acquire the stock of the converted stock company or for the merger of the mutual company into a stock insurance company as provided in § 31-906(h) , the acquiring holding company or the stock insurance company shall pay for or reimburse all the costs and expenses connected with the plan.

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All costs and expenses connected with a plan of conversion shall be paid for or reimbursed by the mutual company or the converted stock company from the proceeds of the offering; provided, that if the plan provides either for a holding company to acquire the stock of the converted stock company or for the merger of the mutual company into a stock insurance company as provided in § 31-906(h) , the acquiring holding company or the stock insurance company shall pay for or reimburse all the costs and expenses connected with the plan.