17:26-6. Mutual company becoming stock company
65 words·~1 min read·
/nj/title-17/chapter-26/17-26-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any mutual insurance company of this state may, with the consent of all its members, after giving notice once in each week for six weeks in a newspaper of this state published in the county where the principal office of the company is located, change to a joint stock company, by proceeding in accordance with, and conforming its charter to, the provisions of this subtitle.