Statutes > Nevada Statutes > TITLE 57 - INSURANCE > Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers > CONVERSION OF MUTUAL INTO STOCK INSURER > 693A.485 - Continuation of corporate existence of converting mutual.

693A.485 - Continuation of corporate existence of converting mutual.

693A.485  Continuation of corporate existence of converting mutual.  The corporate existence of a converting mutual pursuant to NRS 693A.400 to 693A.540, inclusive, does not terminate, and the new stock insurer shall be deemed to be a continuation of the converting mutual and to have been organized on the date the converting mutual was originally organized.

      (Added to NRS by 2001, 2237)