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Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 379

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  379.770.  Mergers or consolidation of reciprocal exchanges or interinsurers. — Two or more domestic reciprocal exchanges or interinsurers may merge or consolidate on affirmative vote of not less than two-thirds of the subscribers of each exchange or interinsurer who vote on the merger or consolidation, pursuant to due notice and prior approval of the director of the department of commerce and insurance of this state of the terms and manner of the notice and of the manner and form of the voting and of the proposed merger or consolidation.

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(L. 1959 S.B. 31 § 375.895, A.L. 1967 p. 516, A.L. 2001 H.B. 212)


---- end of effective   28 Aug 2001 ----

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