Effectiveness of Plan of Reorganization

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Sec. 17. A plan of reorganization is effective when each reorganized insurer and MIHC affected by the plan has filed:

(1) its articles of incorporation or, if appropriate, its articles of amendment; and

(2) the certificate of authority and any amended certificate of authority issued to the company by the commissioner under this chapter;

in the office of the county recorder of the county in which the principal office of the company is located, or at any later date specified in the plan of reorganization.

As added by P.L.5-2000, SEC.4.


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