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ARKANSAS STATUTES AND CODES
§ 23-71-115 - Merger, consolidation, or adoption of plan of exchange.
23-71-115. Merger, consolidation, or adoption of plan of exchange.
(a) A stipulated premium plan insurer may merge or consolidate into another stipulated premium plan insurer or into a stock insurer authorized to transact insurance in this state, or it may adopt a plan of exchange of the outstanding stock of its stockholders in accordance with the procedures prescribed by 23-69-142 -- 23-69-148.
(b) A mutual assessment insurer may merge into a stipulated premium plan insurer under 23-72-119.
(a) A stipulated premium plan insurer may merge or consolidate into another stipulated premium plan insurer or into a stock insurer authorized to transact insurance in this state, or it may adopt a plan of exchange of the outstanding stock of its stockholders in accordance with the procedures prescribed by 23-69-142 -- 23-69-148.
(b) A mutual assessment insurer may merge into a stipulated premium plan insurer under 23-72-119.
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