Maine Statutes
§ 24-A §3490 — Conversion of mutual holding company
Maine § 24-A §3490
JurisdictionMaine
Title 24-AMAINE INSURANCE CODE
Ch. 47ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS
This text of Maine § 24-A §3490 (Conversion of mutual holding company) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Me. Rev. Stat. tit. 24-A, § 24-A §3490 (2026).
Text
1.Approval of reorganization plan.
A mutual holding company may be reorganized in accordance with a plan of reorganization:
2.Membership interests disposition.
A plan of reorganization pursuant to subsection 1 must provide for extinguishment of the membership interests in the mutual holding company and may provide for either:
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Legislative History
PL 1999, c. 656, §5 (NEW).
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Bluebook (online)
Maine § 24-A §3490, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/24-A%20%C2%A73490.