{"data":{"id":"us-pa/40-pa.c.s.-3517","jurisdiction":"us-pa","citation":"40 Pa.C.S. § 3517","heading":"Prohibition on acquisitions of control.","body":"Except as otherwise specifically provided in section 3503 (relating to contents of plan of conversion), from the date a plan of conversion is adopted until the effective date of the plan of conversion, a person may not directly or indirectly offer to acquire, make an announcement to acquire or acquire in any manner, including making a filing with the department for acquisition under a statute or regulation of this Commonwealth, the beneficial ownership of 10% or more of a class of a voting security of the attorney or the stock company that will be the successor of the reciprocal insurer or of a person that controls the voting securities of the attorney or the stock company that will be the successor 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=17\u0026subsctn=0","current_through":"2024-08-21 (Statute Update stamp, 40 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:33:08Z","sha256":"10bb3ff2da8f942a09cd2d5b29dc3221421acd5c9710139699b6132f338ea064","source_id":"us-pa","stale":false,"prev":"us-pa/40-pa.c.s.-3516","next":"us-pa/40-pa.c.s.-3701"},"notice":"GroundRules: Original legal text. Not legal advice."}