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The DC Code: § 31-756 Applicability; membership interest; powers.

Index31 Insurance and Securities. (Refs & Annos)
a
A membership interest in a mutual insurance holding company shall not constitute an equity security as defined in § 31-603.
b
A mutual insurance holding company created under this subchapter shall have the same powers to borrow or assume liability as a reciprocal insurance company organized under District law.

Historical and Statutory

Prior Codifications 1981 Ed., § 35-3746. Emergency Act Amendments See Historical and Statutory Notes following § 31-751. Legislative History of Laws For legislative history of D.C. Law 12-112, see Historical and Statutory Notes following § 31-751. DC CODE § 31-756 Current through December 11, 2012

Credits

(May 12, 1998, D.C. Law 12-112, § 7, 45 DCR 1794.)