Wyoming Statutes
§ 26-27-128 — Merger or conversion
Wyoming § 26-27-128
This text of Wyoming § 26-27-128 (Merger or conversion) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wyo. Stat. Ann. § 26-27-128 (2026).
Text
(a)A domestic reciprocal insurer may merge with another
reciprocal insurer or be converted to a stock or mutual insurer,
upon affirmative vote of not less than two-thirds (2/3) of its
subscribers who vote on the question pursuant to proper notice
and the commissioner's approval of the merger terms.
(b)Any stock or mutual insurer specified in subsection
(a)of this section is subject to the same capital or surplus
requirements and has the same rights as a like domestic insurer
transacting like kinds of insurance.
(c)The commissioner shall not approve any plan for merger
or conversion which is inequitable to subscribers, or which, if
for conversion to a stock insurer, does not give each subscriber
preferential right to acquire stock of the proposed insurer
proportionate to his interest in
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Nearby Sections
15
§ 26-27-101
Definitions§ 26-27-103
Insuring powers§ 26-27-104
Name; power to sue or be sued§ 26-27-105
Attorney deemed not doing business in state;
subscribers and attorney comprise single entity§ 26-27-106
Surplus funds required§ 26-27-107
Organization; declaration§ 26-27-108
Certificate of authority generally§ 26-27-109
Power of attorney§ 26-27-111
Attorney's bond; generally§ 26-27-112
Attorney's bond; deposit instead of bond§ 26-27-114
Service of process; judgments§ 26-27-115
Advances to insurerCite This Page — Counsel Stack
Bluebook (online)
Wyoming § 26-27-128, Counsel Stack Legal Research, https://law.counselstack.com/statute/wy/27/26-27-128.