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Part 3 · Asset transfers among insurers  ›  Division 2 · Transfer of the assets of a mutual insurance company to stock corporations or public-law insurers › Section 183

Appointment of a trustee

(1) Where compensation has been agreed for the asset transfer, the mutual insurance company being acquired is to appoint a trustee responsible for taking receipt of same. The asset transfer may be entered in the register only once the trustee has apprised the court of the fact that he or she is in possession of the compensation.

(2) Where the court determines the compensation as set out in section 181 (4), it is to appoint of its own motion a trustee responsible for taking receipt of same. Those members are entitled to the compensation, in equal shares, who have been members of the mutual insurance company for a minimum of three months prior to the resolution as to the asset transfer having been adopted by the most senior representative committee. Section 26 (4) is to be applied accordingly.

Subdivision 2
Partial transfer

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