A membership interest in a mutual insurance holding company shall not constitute a security as such term is defined in Code Section 11-8-102.
History. Code 1981, § 33-13A-8 , enacted by Ga. L. 2015, p. 846, § 3/HB 185.
Structure Georgia Code
Chapter 13A - Mutual Insurance Holding Companies
§ 33-13A-3. Reorganization Plans
§ 33-13A-4. Procedure for Reorganization
§ 33-13A-5. Incorporation of Reorganized Insurer
§ 33-13A-6. Required Compliance; Treatment of Assets
§ 33-13A-7. Application of Other Statutory Provisions
§ 33-13A-8. Effect of Membership Interest
§ 33-13A-9. Offerings of Voting Stock; Duties of Commissioner
§ 33-13A-10. Policyholder Meetings
§ 33-13A-11. Treatment of Stock
§ 33-13A-12. Legislative Intent Regarding Impact on Taxation