Section 7315. Reorganization of domestic life insurance companies

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Notwithstanding any other provision of this chapter, a  domestic  mutual
  life  insurance  company  which  has  a surplus of less than one million
  dollars as shown on its last filed annual statement may reorganize  into
  a  domestic  stock  life  insurance company in accordance with a plan of
  reorganization found by the superintendent to be fair and equitable.

                    
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