A plan shall become effective when the Commissioner has approved the plan.
(May 24, 1996, D.C. Law 11-126, § 10, 43 DCR 1551; Mar. 24, 1998, D.C. Law 12-81, § 43(h), 45 DCR 745; Apr. 3, 2001, D.C. Law 13-214, § 2(e), 47 DCR 9580.)
1981 Ed., § 35-4209.
D.C. Law 13-214 rewrote the section which had read:
“A plan shall become effective when the Commissioner has approved the plan, the members have approved the plan, and the revised articles of incorporation have been filed.
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 9 - Insurance Demutualization
§ 31–902. Adoption of the plan of conversion by the board of directors
§ 31–904. Approval of the plan by the members
§ 31–905. Adoption of revised articles of incorporation
§ 31–905.01. Acquiring, offering securities issued in connection with a plan of conversion
§ 31–906. Required provisions in a plan of conversion
§ 31–907. Optional provisions in a plan of conversion
§ 31–908. Alternative plan of conversion
§ 31–909. Effective date of the plan
§ 31–912. Conflict of interest