GroundRules
D.C. Code § 31-756: Applicability; membership interest; powers.
Where this section sits in the code
- Title 31. Insurance and Securities.
- Chapter 7. Holding Companies.
- Subchapter III. Reciprocal Insurance Company Conversion.
(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.
Collected 2026-08-29T05:44:07Z. Source file · JSON