D.C. Code § 31-756
Applicability; membership interest; powers.
Effective May 12, 1998May 12, 1998, D.C. Law 12-112, § 7, 45 DCR 1792
- (a) A membership interest in a mutual insurance holding company shall not constitute an equity security as defined in § 31-603.
- (b) A mutual insurance holding company created under this subchapter shall have the same powers to borrow or assume liability as a reciprocal insurance company organized under District law.
History
May 12, 1998, D.C. Law 12-112, § 7, 45 DCR 1792
Emergency Legislation
See Historical and Statutory Notes following § 31-751.
Prior Codifications
1981 Ed., § 35-3746.