Legislation

ARTICLE 80

MUTUAL HOLDING COMPANY
Section 8001. Definitions.

8002. Reorganization of mutual life insurer through formation of

a mutual holding company; contents of plan.

8003. Dividend practices.

8004. Adoption of plan; submission of plan to the

superintendent.

8005. Amendment or withdrawal of plan.

8006. Consultants.

8007. Approval of plan by superintendent; hearing.

8008. Approval of plan by policyholders.

8009. Filing of plan; effective date of reorganization.

8010. Effect of reorganization.

8011. Corporate existence.

8012. Directors and officers.

8013. Notice of proposed reorganization.

8014. Failure to give notice.

8015. Limitations of actions; security.

8016. Prohibited transactions by officers, directors and

employees.

8017. Requirements applicable to a mutual holding company.

8018. Other requirements applicable to a stock holding company

and a mutual holding company.

8019. Conversion of mutual holding company.

8020. Transfers of subsidiaries.

8021. Limitations on accumulation of surplus of mutual holding

companies.