There is a newer version
of
this Statute
2018 Louisiana Laws
Revised Statutes
TITLE 23 - Labor and Worker's Compensation
RS 23:1405.1 - Conversion to stock corporation; conditions; approval; laws applicable
Universal Citation: LA Rev Stat § 23:1405.1 (2018)
§1405.1. Conversion to stock corporation; conditions; approval; laws applicable
A. Notwithstanding any law to the contrary, the corporation shall not convert to a domestic stock insurer except in accordance with general law applicable to such conversion and only with the prior approval of the legislature, by concurrent resolution adopted by a majority of the elected members of each house of the legislature.
B. If the corporation converts to a domestic stock insurer, it shall be subject to laws applicable to domestic stock insurers.
Acts 1999, No. 1256, §1, eff. July 12, 1999.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
