58-5A-61. Petition to seize or sequester voting securities acquired in violation of chapter.
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/sd/title-58/chapter-58-5/58-5a-61·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer or the director may petition the court in Hughes County for an order to seize or sequester any voting securities of the insurer owned directly or indirectly by a person if that person has acquired or is proposed to acquire any voting securities in violation of this chapter.