Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE57 INSURANCE |
CHAPTER693A. Corporate Powers and Procedures of Domestic Stock and Mutual Insurers |
CONVERSION OF MUTUAL INTO STOCK INSURER |
NRS693A.420. “Eligible member” defined.
Latest version.
- “Eligible member” means a person who has a membership interest in the converting mutual on the date on which the board of directors of the converting mutual adopts a resolution proposing a plan of conversion and an amendment to its articles of incorporation.
(Added to NRS by 2001, 2232)