Legislation
SECTION 4203
Transfer of shares of domestic life insurance company
Insurance (ISC) CHAPTER 28, ARTICLE 42
§ 4203. Transfer of shares of domestic life insurance company. (a) No
shareholder of a domestic life insurance company shall vote his shares
until the earlier of (i) ten days after written notice of acquisition
thereof has been filed with the superintendent, or (ii) one year after
the date of acquisition thereof.
(b) This section shall apply only to shares acquired after such a
company has been licensed under this chapter.
shareholder of a domestic life insurance company shall vote his shares
until the earlier of (i) ten days after written notice of acquisition
thereof has been filed with the superintendent, or (ii) one year after
the date of acquisition thereof.
(b) This section shall apply only to shares acquired after such a
company has been licensed under this chapter.