Minority stock offering by a mutual holding company

N.D. Cent. Code § 26.1-12.2-06
in effect
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26.1-12.2-06. Minority stock offering by a mutual holding company A mutual holding company may make a minority stock offering in accordance with the provisions of chapter 26.1-12.1 or this chapter. A minority stock offering pursuant to chapter 26.1-12.1 may not include the grant of subscription rights to policyholders. Except as otherwise provided in section 26.1-12.2-05 concerning an alternative plan of conversion, a minority stock offering pursuant to this chapter must include the grant of subscription rights to policyholders.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t26-1c12-2.pdf#nameddest=26p1-12p2-06Fetched: 10/16/2026

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