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§ 33-27a-10 — West Virginia Law | CourtGPT
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  4. Chapter 33 - Insurance/
  5. Article 27a - West Virginia Mutual to Mutual Insurance Holding Company Act§33-27a-1. Short Title/
  6. § 33-27a-10
West Virginia Legal Code

§ 33-27a-10

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A membership interest in a mutual insurance holding company is not a security under the laws of this state. No member of a mutual insurance holding company may transfer membership in the mutual insurance holding company or any right arising from membership.