There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 24. Domestic Stock and Mutual Insurers
304.24.400 Affiliations of stock insurers.
Download pdfsecurities and partly for cash or property, unless the insurer has first submitted the
plan for such acquisition and exchange to the commissioner and the commissioner
has approved the same. (2) The commissioner shall not so approve unless he or she finds the plan for such acquisition and exchange and the terms and conditions thereof to be fair and
equitable to all parties concerned therein, after a hearing to which all persons to
whom it is proposed to issue securities in such exchange shall have the right to
appear. (3) Notice and conduct of such hearing shall be as provided in Subtitle 2. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1344, effective July 15, 2010. -- Created 1970 Ky. Acts ch. 301, subtit. 24, sec. 40, effective June 18, 1970.
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