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    • Legislation USA
    • Iowa Code
    • Title XIII - COMMERCE
    • Chapter 508B - CONVERSION FROM MUTUAL COMPANY TO STOCK COMPANY
    • Section 508B.10 - Continuation of officers.

    Iowa Code
    Chapter 508B - CONVERSION FROM MUTUAL COMPANY TO STOCK COMPANY
    Section 508B.10 - Continuation of officers.

    508B.10 Continuation of officers.
    The directors and officers of the mutual company shall serve the reorganized company until new directors and officers are elected and qualify pursuant to the articles of incorporation and bylaws of the reorganized company.
    85 Acts, ch 127, §10

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    Structure Iowa Code

    Iowa Code

    Title XIII - COMMERCE

    Chapter 508B - CONVERSION FROM MUTUAL COMPANY TO STOCK COMPANY

    Section 508B.1 - Definitions.

    Section 508B.2 - Mutual company becoming stock company — authorization.

    Section 508B.3 - Conversion plans to be fair and equitable — alternative procedures and requirements.

    Section 508B.4 - Eligible policyholders participation.

    Section 508B.5 - Appointment of consultant.

    Section 508B.6 - Approval of plan by policyholders — notice of election — effective date.

    Section 508B.7 - Review of plan by commissioner — hearing authorized — approval.

    Section 508B.8 - Payment of fees, salaries and costs.

    Section 508B.9 - Act of conversion — continuation of company.

    Section 508B.10 - Continuation of officers.

    Section 508B.11 - Rules.

    Section 508B.12 - Amendments — withdrawal.

    Section 508B.13 - Prohibitions on certain offers to acquire shares.

    Section 508B.14 - Limitation of actions — security for attorney fees.

    Section 508B.15 - Duties of secretary of state.

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