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§ 7-302. Compliance with subtitle required

West's Annotated Code of MarylandInsuranceEffective: January 1, 2014

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 7. Maryland Insurance Acquisitions Disclosure and Control Act (Refs & Annos)
Subtitle 3. Acquisition of Control of Domestic Insurer or Insurance Holding Company (Refs & Annos)
Effective: January 1, 2014
MD Code, Insurance, § 7-302
§ 7-302. Compliance with subtitle required
Currentness
With respect to a transaction subject to this subtitle, a person must comply with all requirements of this subtitle before the person:
(1) makes a tender offer for, invites tenders of, enters into an agreement to exchange securities for, or otherwise acquires any voting security or security convertible into voting security of a domestic insurer, or a person, including an insurance holding company, that controls a domestic insurer; or
(2) makes an agreement to merge with or otherwise to acquire control of a domestic insurer, or a person, including an insurance holding company, that controls a domestic insurer.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2013, c. 115, § 1, eff. Jan. 1, 2014.
Formerly Art. 48A, § 494.
MD Code, Insurance, § 7-302, MD INSURANCE § 7-302
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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