304.24 -600 Conversion of domestic mutual insurer to stock insurer. (1) A domestic mutual insurer may convert to a stock insurer by amendment of its articles of incorporation and upon compliance with the requirements of KRS 304.24 -600 to 304.24 -625 and the applicable requirements of this subtitle and Subtitle 3 of this chapter . (2) A domestic mutual insurer shall only convert to a stock insurer in accordance with a plan of conversion approved by the commissioner. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1350, effective July 15, 2010. -- Created 2000 Ky. Acts ch. 42, sec. 1, effective July 14, 2000.
Kentucky Legal Code