North Dakota § 26.1-12.1-12 Sale of stock and payment of dividends

North Dakota Statutes

§ 26.1-12.1-12 — Sale of stock and payment of dividends

North Dakota § 26.1-12.1-12

Title 26.1Insurance

Ch. 26.1-12.1Mutual Insurance Company Reorganization

This text of North Dakota § 26.1-12.1-12 (Sale of stock and payment of dividends) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-12.1-12 (2026).

Text

No solicitation for the sale of any of the stock of the reorganized insurer, or of an
intermediate stock holding company of the mutual insurance holding company, may be made
without the commissioner's prior written approval. Dividends and other distributions to the
shareholders or members of the reorganized mutual insurance company or of an intermediate
stock holding company may not be made except in compliance with sections 26.1-10-05 and
26.1-10-05.1.

Free access — add to your briefcase to read the full text and ask questions with AI

No solicitation for the sale of any of the stock of the reorganized insurer, or of an
intermediate stock holding company of the mutual insurance holding company, may be made
without the commissioner's prior written approval. Dividends and other distributions to the
shareholders or members of the reorganized mutual insurance company or of an intermediate
stock holding company may not be made except in compliance with sections 26.1-10-05 and
26.1-10-05.1.