Missouri § 380.601 Conversion to a mutual insurance company — procedure.

Missouri Statutes

§ 380.601 — Conversion to a mutual insurance company — procedure.

Missouri § 380.601

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 380County, Town and Farmers' Mutual Property Insurance Companies

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Bluebook

Mo. Rev. Stat. § 380.601 (2026).

Text

Any Missouri mutual insurance company operating under the provisions of sections 380.011 to 380.151 or any company operating under the provisions of sections 380.201 to 380.591 may convert to a mutual insurance company in the manner provided in sections 379.585 to 379.625 ; but, for purposes of conversion under the provisions of this section, the assent otherwise required by the provisions of section 379.605 for such conversion need not exceed seventy-five percent of the members voting thereon, both in person and by proxy, at a meeting called for that purpose.

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Any Missouri mutual insurance company operating under the provisions of sections 380.011 to 380.151 or any company operating under the provisions of sections 380.201 to 380.591 may convert to a mutual insurance company in the manner provided in sections 379.585 to 379.625 ; but, for purposes of conversion under the provisions of this section, the assent otherwise required by the provisions of section 379.605 for such conversion need not exceed seventy-five percent of the members voting thereon, both in person and by proxy, at a meeting called for that purpose.