North Dakota § 26.1-12.2-06 Minority stock offering by a mutual holding company

North Dakota Statutes

§ 26.1-12.2-06 — Minority stock offering by a mutual holding company

North Dakota § 26.1-12.2-06

Title 26.1Insurance

Ch. 26.1-12.2Mutual Property and Casualty Insurance Company Conversion

This text of North Dakota § 26.1-12.2-06 (Minority stock offering by a mutual holding company) 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 § 26.1-12.2-06 (2026).

Text

A mutual holding company may make a minority stock offering in accordance with the
provisions of chapter 26.1-12.1 or this chapter. A minority stock offering pursuant to chapter
26.1-12.1 may not include the grant of subscription rights to policyholders. Except as otherwise
provided in section 26.1-12.2-05 concerning an alternative plan of conversion, a minority stock
offering pursuant to this chapter must include the grant of subscription rights to policyholders.

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A mutual holding company may make a minority stock offering in accordance with the
provisions of chapter 26.1-12.1 or this chapter. A minority stock offering pursuant to chapter
26.1-12.1 may not include the grant of subscription rights to policyholders. Except as otherwise
provided in section 26.1-12.2-05 concerning an alternative plan of conversion, a minority stock
offering pursuant to this chapter must include the grant of subscription rights to policyholders.