{"data":{"id":"us-pa/40-pa.c.s.-3508","jurisdiction":"us-pa","citation":"40 Pa.C.S. § 3508","heading":"Corporate existence.","body":"On the effective date of the conversion, the corporate existence of the reciprocal insurer continues in the stock company. On the effective date of the conversion, the assets, rights, franchises and interests of the reciprocal insurer in and to every species of real, personal and mixed property and the accompanying things in action are vested in the stock company without a deed or other instrument of transfer and the stock company assumes the obligations and liabilities of the reciprocal insurer.","path":["Title 40 - INSURANCE","PART II REGULATION OF INSURERS AND RELATED PERSONS GENERALLY","CHAPTER 35 MEDICAL PROFESSIONAL LIABILITY RECIPROCAL EXCHANGE-TO-STOCK CONVERSION"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=40\u0026div=0\u0026chpt=35\u0026sctn=8\u0026subsctn=0","current_through":"2024-08-21 (Statute Update stamp, 40 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:33:08Z","sha256":"96698d4fa43e1ddc612d2923c0e8e16128663b49eb501044effae543923a357f","source_id":"us-pa","stale":false,"prev":"us-pa/40-pa.c.s.-3507","next":"us-pa/40-pa.c.s.-3509"},"notice":"GroundRules: Original legal text. Not legal advice."}