{"data":{"id":"us-dc/d.c.-code-31-902","jurisdiction":"us-dc","citation":"D.C. Code § 31-902","heading":"Adoption of the plan of conversion by the board of directors.","body":"(a)\nA mutual company seeking to convert to a stock company shall, by the affirmative vote of a majority of its board of directors, adopt a plan of conversion consistent with the requirements of § 31-906.\n\n(b)\nAt any time before approval of a plan by the Commissioner, the mutual company, by the affirmative vote of a majority of its board of directors, may amend or withdraw the plan.","path":["Title 31. Insurance and Securities.","Chapter 9. Insurance Demutualization."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/31-902","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"19a9866c57d59be0d1cdebd97e3033dc9e41649bd737e1a96d8c5bfc1f274bd1","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-31-901","next":"us-dc/d.c.-code-31-903"},"notice":"GroundRules: Original legal text. Not legal advice."}