Statute · California Insurance Code
Cal. Ins. Code § 4097.16 — Conversion of an Incorporated Medical Malpractice Mutual Insurer into an Incorporated Stock Insurer
Cal. Ins. Code § 4097.16
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 1999-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The offer or sale of securities, including any debt securities, issued pursuant to the plan of conversion developed and approved in accordance with the provisions of this article, shall be exempt from Article 8 (commencing with Section 820) of Chapter 1 of Part 2 of Division 1.
Citator
Cal. Ins. Code § 4097.16 — Conversion of an Incorporated Medical Malpractice Mutual Insurer into an Incorporated Stock Insurer is in force in the current edition of the Code, and nothing recorded condemns it.
The offer or sale of securities, including any debt securities, issued pursuant to the plan of conversion developed and approved in accordance with the provisions of this article, shall be exempt from Article 8 (commencing with Section 820) of Chapter 1 of Part 2 of Division 1.