Prohibition on acquisitions of control.

Except as otherwise specifically provided in section 3503 (relating to contents of plan of conversion), from the date a plan of conversion is adopted until the effective date of the plan of conversion, a person may not directly or indirectly offer to acquire, make an announcement to acquire or acquire in any manner, including making a filing with the department for acquisition under a statute or regulation of this Commonwealth, the beneficial ownership of 10% or more of a class of a voting security of the attorney or the stock company that will be the successor of the reciprocal insurer or of a person that controls the voting securities of the attorney or the stock company that will be the successor of the reciprocal insurer. CHAPTER 37 UNCLAIMED LIFE INSURANCE BENEFITS Sec. 3701. Purpose of chapter. 3702. Definitions. 3703. Death master file comparison. 3704. Applicability. 3705. Enforcement. 3706. Regulations. Enactment. Chapter 37 was added November 3, 2016, P.L.1043, No.132, effective in 360 days.