Volume 795, Page 4671 View pdf image |
PARRIS N. GLENDENING, Governor S.B. 844 (B) (1) A DIRECTOR, OFFICER, OR MEMBER OF A MUTUAL INSURER OR ANY (2) SUBJECT TO THE APPROVAL OF THE COMMISSIONER, A LOAN OR (3) A LOAN OR ADVANCE UNDER THIS SUBSECTION IS NOT OTHERWISE
3-123... (b) (1) Mutual insurers consolidating or merging to form a domestic mutual (i) prescribes the terms and conditions of the consolidation or merger; (ii) states the name of the successor mutual insurer; and (iii) includes the successor mutual insurer's amended certificate of (2) The agreement shall be: (i) approved by the vote of a majority of the board of directors of each (ii) submitted to a meeting of members and approved by vote of at (3) Notice of the time, place, and purpose of the meeting shall be: (i) mailed to the members of each mutual insurer not less than 20 (ii) published at least once a week for 3 successive weeks in: - 4671 -
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Volume 795, Page 4671 View pdf image |
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