ยง 8016. Prohibited transactions by officers, directors and employees.
No director, officer, agent or employee of the reorganizing insurer
shall receive any fee, commission or other valuable consideration
whatsoever, other than regular salary and compensation, for in any
manner aiding, promoting or assisting in the reorganization except as
set forth in the plan approved by the superintendent.
Structure New York Laws
Article 80 - Mutual Holding Company
8004 - Adoption of Plan; Submission of Plan to the Superintendent.
8005 - Amendment or Withdrawal of Plan.
8007 - Approval of Plan by Superintendent; Hearing.
8008 - Approval of Plan by Policyholders.
8009 - Filing a Plan; Effective Date of Reorganization.
8010 - Effect of Reorganization.
8012 - Directors and Officers.
8013 - Notice of Proposed Reorganization.
8014 - Failure to Give Notice.
8015 - Limitations of Actions; Security.
8016 - Prohibited Transactions by Officers, Directors and Employees.
8017 - Requirements Applicable to a Mutual Holding Company.
8018 - Other Requirements Applicable to a Stock Holding Company and a Mutual Holding Company.
8019 - Conversion of Mutual Holding Company.
8020 - Transfers of Subsidiaries.
8021 - Limitations on Accumulation of Surplus of Mutual Holding Companies.