{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1018.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1018.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1018.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1018.html"}],"law_id":82366,"edition_id":1,"section_id":82366,"structure_id":16731,"section_number":"38.2-1018","catch_line":"Plan of merger to be approved by Commission","history":"1952, c. 317, \u00a7 38.1-81; 1956, c. 431; 1986, c. 562.","full_text":"Before any joint agreement for the merger of domestic insurers is submitted to the stockholders or members, it shall first be submitted to and approved by the Commission. The Commission shall not approve the agreement unless, after a hearing, it finds that the plan of merger is fair, equitable, consistent with law, and that no reasonable objection to the plan exists. If the Commission fails to approve the plan it shall state the reasons in its order.","order_by":null,"text":{"0":{"id":295111,"text":"Before any joint agreement for the merger of domestic insurers is submitted to the stockholders or members, it shall first be submitted to and approved by the Commission. The Commission shall not approve the agreement unless, after a hearing, it finds that the plan of merger is fair, equitable, consistent with law, and that no reasonable objection to the plan exists. If the Commission fails to approve the plan it shall state the reasons in its order.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16731,"edition_id":1,"name":"Mergers","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":12858,"metadata":{},"date_created":"2026-06-26 04:37:23","date_modified":"2026-06-26 04:37:23","permalink":{"id":210989,"object_type":"structure","relational_id":16731,"identifier":"3","token":"38.2\/10\/3","url":"\/38.2\/10\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12858,"edition_id":1,"name":"Organization, Admission and Licensing of Insurers","identifier":"10","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:43:57","date_modified":"2026-06-26 03:43:57","permalink":{"id":210851,"object_type":"structure","relational_id":12858,"identifier":"10","token":"38.2\/10","url":"\/38.2\/10\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":76800,"structure_id":16731,"section_number":"38.2-1017","catch_line":"Applicability of Title 13.1","url":"\/38.2-1017\/","token":"38.2\/10\/3\/38.2-1017","metadata":false},{"id":82366,"structure_id":16731,"section_number":"38.2-1018","catch_line":"Plan of merger to be approved by Commission","url":"\/38.2-1018\/","token":"38.2\/10\/3\/38.2-1018","metadata":false}],"previous_section":{"id":76800,"structure_id":16731,"section_number":"38.2-1017","catch_line":"Applicability of Title 13.1","url":"\/38.2-1017\/","token":"38.2\/10\/3\/38.2-1017","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1018\/","history_text":"

This law was first created in 1952. The record of its establishment is cataloged in chapter 317 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1952 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1956, chapter 431; in 1986, chapter 562.<\/p>","references":[{"id":81081,"section_number":"38.2-1005.1","catch_line":"Conversion of a domestic mutual insurer to a domestic stock insurer","order_by":null,"url":"\/38.2-1005.1\/"},{"id":55347,"section_number":"38.2-4214","catch_line":"Application of certain provisions of law","order_by":null,"url":"\/38.2-4214\/"}],"refers_to":false,"permalink":{"id":210995,"object_type":"law","relational_id":82366,"identifier":"38.2-1018","token":"38.2\/10\/3\/38.2-1018","url":"\/38.2-1018\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1018\/","token":"38.2\/10\/3\/38.2-1018","dublin_core":{"Title":"Plan of merger to be approved by Commission","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1018","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Before any joint agreement for the merger of domestic insurers<\/span> is submitted to the stockholders or members, it shall first be submitted to and approved by the Commission<\/span>. The Commission<\/span> shall not approve the agreement unless, after a hearing<\/span>, it finds that the plan of merger is fair, equitable<\/span>, consistent with law<\/span>, and that no reasonable objection to the plan exists. If the Commission<\/span> fails to approve the plan it shall state<\/span> the reasons in its order<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPLAN OF MERGER TO BE APPROVED BY COMMISSION (\u00a7 38.2-1018)\n\nBefore any joint agreement for the merger of domestic insurers is submitted to\nthe stockholders or members, it shall first be submitted to and approved by the\nCommission. The Commission shall not approve the agreement unless, after a\nhearing, it finds that the plan of merger is fair, equitable, consistent with\nlaw, and that no reasonable objection to the plan exists. If the Commission\nfails to approve the plan it shall state the reasons in its order.\n\nHISTORY: 1952, c. 317, \u00a7 38.1-81; 1956, c. 431; 1986, c. 562.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}