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56-13-130 - Conversion of stock insurance corporation into mutual insurance corporation.

56-13-130. Conversion of stock insurance corporation into mutual insurance corporation.

Any domestic stock insurance corporation licensed under this chapter may be converted into a mutual insurance corporation licensed under this chapter pursuant to the procedures provided in §§ 56-18-108 56-18-116, except that the parts of the procedures that are inconsistent with the conversion shall not apply.

[Acts 1981, ch. 299, § 15.]  

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