Title 045 · Title 45

Stock acquisition - Limitations.

Citation: N.D. Admin. Code § 45-03-21-12

Section: 45-03-21-12

45-03-21-12. Stock acquisition - Limitations. The converted insurer may not, for at least three years following the demutualization, repurchase any of its common shares except pursuant to a pro rata tender offer to all shareholders. History: Effective February 1, 2000. General Authority: NDCC 26.1-12-32 Law Implemented: NDCC 26.1-12-32