CHAPTER 508B
CONVERSION FROM MUTUAL COMPANY TO STOCK COMPANY
Applies to plans of conversion established after July 1, 1985;
85 Acts, ch 127, §16
508B.1 Definitions.
508B.2 Mutual company becoming
stock company -- authorization.
508B.3 Conversion plans to be
fair and equitable -- alternative procedures and
requirements.
508B.4 Eligible policyholders participation.
508B.5 Appointment of consultant.
508B.6 Approval of plan by policyholders -- notice of
election -- effective date.
508B.7 Review of plan by commissioner -- hearing
authorized -- approval.
508B.8 Payment of fees, salaries
and costs.
508B.9 Act of conversion -- continuation of company.
508B.10 Continuation of officers.
508B.11 Rules.
508B.12 Amendments -- withdrawal.
508B.13 Prohibitions on certain offers to acquire shares.
508B.14 Limitation of actions -- security for attorney
fees.
508B.15 Duties of secretary of
state.
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