There is a newer version of the Mississippi Code
2020
2019
2018
2017
2016
Other previous versions
View our newest version here

2013 Mississippi Code
Title 83 - INSURANCE
Chapter 31 - MUTUAL COMPANIES
MISSISSIPPI MUTUAL INSURANCE COMPANY CONVERSION, REORGANIZATION AND MERGER ACT
§ 83-31-125 - Liquidation account to be created


MS Code § 83-31-125 (2013) What's This?

The conversion plan may provide for the creation of a liquidation account for the benefit of members in the event of voluntary liquidation after conversion in an amount equal to the surplus of the mutual insurance company, exclusive of the principal amount of any surplus note, on the last day of the quarter immediately preceding the date of adoption of the conversion plan.

Disclaimer: These codes may not be the most recent version. Mississippi 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.