(1) Any stock insurance company organized under the laws of this state, referred to in this part 6 as a "domestic company", may adopt a plan of exchange providing for the exchange by its shareholders of their stock in the domestic company for: (a) Shares of stock issued by an acquiring corporation; or (b) Other securities issued by an acquiring corporation; or (c) Cash; or (d) Other consideration; or (e) Any combination of such stock, other securities, cash, or other consideration.
‹ Prev All Colorado sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.