40 Pa. Stat. § 592

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 592 - Conversion into mutual companies

It shall be lawful for any corporation with capital stock and transacting the business of life insurance on the mutual plan or any life insurance corporation having capital stock incorporated under the provisions of any general or special law of this Commonwealth, to acquire the shares of the capital stock of such corporation for the benefit of its policy-holders, and to convert such corporation into a mutual life insurance corporation in the manner hereinafter provided.

40 P.S. § 592

1921, April 20, P.L. 175, § 1.