Idaho § 41-2866 CONDITIONS EXEMPTING EQUITY SECURITIES

Idaho Statutes

§ 41-2866 — CONDITIONS EXEMPTING EQUITY SECURITIES

Idaho § 41-2866

Title 41INSURANCE

Ch. 28ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS

This text of Idaho § 41-2866 (CONDITIONS EXEMPTING EQUITY SECURITIES) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 41-2866 (2026).

Text

The provisions of sections 41-2860 — 41-2862 shall not apply to equity securities of a domestic stock insurance company if:

(a)Such securities shall be registered, or shall be required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934, as amended; or

(b)Such domestic stock insurance company shall not have any class of its equity securities held of record by one hundred (100) or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to the provisions of sections 41-2860 — 41-2862 except for the provisions of this subsection (b).

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The provisions of sections 41-2860 — 41-2862 shall not apply to equity securities of a domestic stock insurance company if:
(a) Such securities shall be registered, or shall be required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934, as amended; or
(b) Such domestic stock insurance company shall not have any class of its equity securities held of record by one hundred (100) or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to the provisions of sections 41-2860 — 41-2862 except for the provisions of this subsection (b).