California Insurance Code 11544 – The offer or sale of securities issued pursuant to the plan of …
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The offer or sale of securities issued pursuant to the plan of conversion developed and approved in accordance with the provisions of this chapter, shall be exempt from Article 8 (commencing with Section 820) of Chapter 1 of Part 2 of Division 1.
(Added by Stats. 1983, Ch. 988, Sec. 1.)
Terms Used In California Insurance Code 11544
- plan: means a plan adopted by a mutual company in compliance with this chapter. See California Insurance Code 11535.1