506.2 Sale of securities restricted. Neither the securities in a domestic insurance company, nor securities in a holding company, one of the purposes of which is to organize, purchase, or otherwise acquirecontrol of a domestic insurance company, nor membership in an association in processof organization shall be sold or solicited until such company or association, and thepromoters thereof, shall have first complied with all of the statutory provisions regulatingthe organization of such companies and associations, and also have secured from thecommissioner of insurance a certificate indicating full compliance with the provisions of thischapter. [S13, §1683-r3; C24, 27, 31, 35, 39, §8616; C46, 50, 54, 58, 62, §506.1; C66, 71, 73, 75, 77, 79, 81, §506.2] 88 Acts, ch 112, §501 Sat Dec 23 00:38:50 2023 Iowa Code 2024, Section 506.2 (14, 0)
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