17:48E-46.14. Mutual holding company
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/nj/title-17/chapter-48e/17-48e-46-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
14. A mutual holding company formed pursuant to P.L.2020, c.145 (C.17:48E-46.1 et al.) shall not convert to a for-profit stock holding company. The provisions of P.L.2001, c.131 (C.17:48E-49 et seq.) providing for conversion of a health service corporation to a domestic stock insurer shall not apply to a mutual holding company formed pursuant to P.L.2020, c.145 (C.17:48E-46.1 et al.).
L.2020, c.145, s.14.