§ 3506. Effective date of plan.
A plan is effective when the following have been completed:
(1) The commissioner has approved the plan.
(2) The eligible subscribers have approved the plan.
(3) If the stock company becomes successor to the reciprocal insurer by merger, the eligible subscribers have approved the merger of the reciprocal insurer with and into the stock company and the articles of merger have been filed with the Secretary of the Commonwealth.
Section: Previous 3501 3502 3503 3504 3505 3506 3507 3508 3509 3510 3511 3512 3513 3514 NextLast modified: October 8, 2016