(1) Any stock insurance company organized under the laws of this state, referred to in this part 6 as a "domestic company", may adopt a plan of exchange providing for the exchange by its shareholders of their stock in the domestic company for:
Shares of stock issued by an acquiring corporation; or
Other securities issued by an acquiring corporation; or
Cash; or
Other consideration; or
Any combination of such stock, other securities, cash, or other consideration.
Source: L. 69: p. 529, § 2. C.R.S. 1963: § 72-27-2.