2015 New York Laws
ISC - Insurance
Article 80 - (Insurance) MUTUAL HOLDING COMPANY
8005 - Amendment or withdrawal of plan.

  8005.  Amendment or withdrawal of plan. At any time before the plan
  of  reorganization  becomes  effective  as  provided  in  section  eight
  thousand  nine  of  this  article,  the  reorganizing  insurer  may,  by
  resolution of a three-fourths majority of its entire board of directors,
  amend the plan of reorganization or withdraw the plan of reorganization.
  In the case of a plan amendment, all references in this article  to  the
  plan  of reorganization shall be deemed to refer to the plan as amended,
  but no amendment shall be deemed to change the adoption date of the plan
  of reorganization. A further public hearing is not necessary unless  the
  superintendent  determines  that amendments submitted after the original
  hearing required under section eight thousand seven of this article will
  substantially alter the plan.  In  the  event  that  the  superintendent
  determines that the amendment substantially alters the plan, the plan as
  amended  must  be  submitted  for  reconsideration  by the policyholders
  entitled to vote on the plan as provided in section eight thousand eight
  of this article.