1. (1) If action is to be taken with respect to the author- ization or issuance of any stock of the insurer, the proxy statement shall furnish the title, amount and description of the stock to be authorized or issued.
2. (2) If the shares of stock to be authorized or issued are other than additional shares or common stock of a class out-standing, the proxy statement shall furnish a brief summary, if applicable, of dividend, voting, liquidation, pre-emptive, and conversion rights, redemption and sinking fund provisions, interest rate, and date of maturity.
3. (3) If the shares of stock to be authorized or issued are other than additional shares of common stock of a class out-standing, the commissioner may require financial statements comparable to those contained in the annual report.

Authorizing statute(s): Sec. 33-3-447 MCA

Implementing statute(s): Sec. 33-3-447 MCA

History: EMERG, NEW, Eff. 5/5/75.