North Dakota § 26.1-12.1-17 Concurrent reorganization - Domestic or foreign

North Dakota Statutes

§ 26.1-12.1-17 — Concurrent reorganization - Domestic or foreign

North Dakota § 26.1-12.1-17

Title 26.1Insurance

Ch. 26.1-12.1Mutual Insurance Company Reorganization

This text of North Dakota § 26.1-12.1-17 (Concurrent reorganization - Domestic or foreign) 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 § 26.1-12.1-17 (2026).

Text

The concurrent reorganization of a domestic mutual insurance company with one or more
mutual insurance companies, whether domestic or foreign, into a single mutual insurance
holding company structure, whether domestic or foreign, may be accomplished by a joint
application and a joint plan of reorganization and may be approved by complying with the
requirements and standards of section 26.1-12.1-06 by the commissioner following a hearing as
provided for in this chapter. The commissioner may allow such other procedures to avoid
unnecessary or duplicative costs and efforts in satisfying the requirements of this chapter and
effectuating the reorganization.

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The concurrent reorganization of a domestic mutual insurance company with one or more
mutual insurance companies, whether domestic or foreign, into a single mutual insurance
holding company structure, whether domestic or foreign, may be accomplished by a joint
application and a joint plan of reorganization and may be approved by complying with the
requirements and standards of section 26.1-12.1-06 by the commissioner following a hearing as
provided for in this chapter. The commissioner may allow such other procedures to avoid
unnecessary or duplicative costs and efforts in satisfying the requirements of this chapter and
effectuating the reorganization.