{"data":{"id":"us-nd/n.d.-cent.-code-26.1-12.2-19","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 26.1-12.2-19","heading":"Prohibition on acquisitions of control","body":"Except as otherwise specifically provided in section 26.1-12.2-03, from the date a plan of conversion is adopted by the governing body of a converting mutual company until three years after the effective date of the plan of conversion, a person may not directly or indirectly offer to acquire, make any announcement to acquire, or acquire in any manner, including making a filing with the insurance department for such acquisition under a statute or regulation of this state, the beneficial ownership of ten percent or more of a class of a voting security of the converted stock company or of a person that controls the voting securities of the converted stock company, unless the converted stock company or a person that controls the voting securities of the converted stock company consents to such acquisition and such acquisition is otherwise approved by the commissioner.","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":"a937296d5f63d07ee2ca04012ab03ea47d58218da47c8061e6ef5e06399225a1","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-26.1-12.2-18","next":"us-nd/n.d.-cent.-code-26.1-13-01"},"notice":"GroundRules: Original legal text. Not legal advice."}