{"data":{"id":"us-la/rs-23-1405.1","jurisdiction":"us-la","citation":"RS 23:1405.1","heading":"Conversion to stock corporation; conditions; approval; laws applicable","body":"A. Notwithstanding any law to the contrary, the corporation shall not convert to a domestic stock insurer except in accordance with general law applicable to such conversion and only with the prior approval of the legislature, by concurrent resolution adopted by a majority of the elected members of each house of the legislature.\nB. If the corporation converts to a domestic stock insurer, it shall be subject to laws applicable to domestic stock insurers.","path":["TITLE 23. LABOR AND WORKER'S COMPENSATION"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=83543","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:54:58Z","sha256":"48eac5de43c4be921e0e2cc297136172570970765445528feaa4f4392964f6da","source_id":"us-la","stale":false,"prev":"us-la/rs-23-1405","next":"us-la/rs-23-1406"},"notice":"GroundRules: Original legal text. Not legal advice."}