{"data":{"id":"us-nd/n.d.-cent.-code-26.1-12.2-06","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 26.1-12.2-06","heading":"Minority stock offering by a mutual holding company","body":"A mutual holding company may make a minority stock offering in accordance with the provisions of chapter 26.1-12.1 or this chapter. A minority stock offering pursuant to chapter 26.1-12.1 may not include the grant of subscription rights to policyholders. Except as otherwise provided in section 26.1-12.2-05 concerning an alternative plan of conversion, a minority stock offering pursuant to this chapter must include the grant of subscription rights to policyholders.","path":["Title 26.1 Insurance","Chapter 26.1-12.2 Mutual Property And Casualty Insurance Company Conversion"],"source_url":"https://ndlegis.gov/cencode/t26-1c12-2.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"2357444881e2d81a101bd6d258e903c8a8fdbdf0766f89326a548ec9ab78b7fe","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-26.1-12.2-05","next":"us-nd/n.d.-cent.-code-26.1-12.2-07"},"notice":"GroundRules: Original legal text. Not legal advice."}