Colorado § 10-14-306 - Conversion of fraternal benefit society into a mutual or stock life insurance company.
Full text of Colorado Colorado Revised Statutes § 10-14-306 — Conversion of fraternal benefit society into a mutual or stock life insurance company., with citation guidance and answers to common questions.
§ 10-14-306. Conversion of fraternal benefit society into a mutual or stock life insurance company.
Any domestic fraternal benefit society may be converted and licensed as a mutual life insurance company or stock life insurance company by compliance with all the requirements of this title pertaining to a life insurance company. A plan of conversion shall be prepared in writing by the board of directors setting forth in full the terms and conditions of conversion. The affirmative vote of two-thirds of all members of the supreme governing body at a regular or special meeting shall be necessary for the approval of such plan. No such conversion shall take effect unless and until approved by the commissioner, who may give such approval if the commissioner finds that the proposed change is in conformity with the statutory requirements and not prejudicial to the certificate holders of the society.
Source: L. 93: Entire article amended with relocations, p. 597, § 1, effective July 1.
Editor's note: This section is similar to former § 10-14-115 (2) as it existed prior to 1993.
PART 4
CONTRACTUAL BENEFITS
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-14-306
What does Colorado Revised Statutes § 10-14-306 cover?
Section 10-14-306 ("Conversion of fraternal benefit society into a mutual or stock life insurance company.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. 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 Colorado § 10-14-306?
A common citation format is "Colorado Revised Statutes § 10-14-306" (Colorado). 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 Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-14-306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado 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 Colorado.