California § 1540 - Any two or more domestic reciprocal insurers, upon affirmative vote of not less t
Full text of California Public Contract Code - PCC § 1540 — Any two or more domestic reciprocal insurers, upon affirmative vote of not less t, with citation guidance and answers to common questions.
§ 1540. Any two or more domestic reciprocal insurers, upon affirmative vote of not less t
Any two or more domestic reciprocal insurers, upon affirmative vote of not less than two-thirds of the subscribers of each such insurer who vote on such merger pursuant to due notice and the prior approval of the commissioner of the terms of such notice, of the manner and form of such voting and of such proposed merger, may merge. The commissioner shall not approve any plan for such merger which is inequitable to subscribers, or in any case where the bylaws or other rules, regulations, power of attorney or other instrument affecting the rights of subscribers of either such reciprocal, has been amended within one year prior to the date of filing with the commissioner of the application for such approval.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1540
What does Public Contract Code - PCC § 1540 cover?
Section 1540 ("Any two or more domestic reciprocal insurers, upon affirmative vote of not less t") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1540?
A common citation format is "Public Contract Code - PCC § 1540" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1540 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.