§ 31-754. Incorporation of holding company.

Current through October 23, 2012

A mutual insurance holding company resulting from a conversion of a domestic reciprocal insurance company shall be incorporated pursuant to Chapter 3 of Title 29 and shall be subject to Chapters 1, 2, and 3 of Title 29 to the extent that those provisions are not in conflict with this subchapter. The articles of incorporation and any amendments to such articles of incorporation of the mutual insurance holding company shall be subject to approval of the Commissioner and Corporation Counsel of the District in the same manner as those of an insurance company.

                
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(May 12, 1998, D.C. Law 12-112, § 5, 45 DCR 1794; July 2, 2011, D.C. Law 18-378, § 3(u), 58 DCR 1720.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 35-3744.

Effect of Amendments

D.C. Law 18-378 substituted "Chapter 3 of Title 29 and shall be subject to Chapters 1, 2, and 3 of Title 29" for "Chapter 1 of Title 29 ('Business Corporation Act'), and shall be subject to the provisions of the Business Corporation Act".

Emergency Act Amendments

See Historical and Statutory Notes following § 31-751.

Legislative History of Laws

For legislative history of D.C. Law 12-112, see Historical and Statutory Notes following § 31-751.

Law 18-378, the "District of Columbia Official Code Title 29 (Business Organizations) Enactment Act of 2009", was introduced in Council and assigned Bill No. 18-500, which was referred to the Committee on Public Services and Consumer Affairs. The Bill was adopted on first and second readings on December 7, 2010, and December 21, 2010, respectively. Signed by the Mayor on February 27, 2011, it was assigned Act No. 18-724 and transmitted to both Houses of Congress for its review. D.C. Law 18-378 became effective on July 2, 2011.