<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>81422</law_id><section_number>38.2-1014</section_number><catch_line>Parties and process</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="10">Organization, Admission and Licensing of Insurers</unit><unit label="article" level="3" order_by="1" identifier="2">Conversion of Domestic Stock Insurer to Mutual Insurer</unit></structure><text>
						<section><p>Necessary parties to the proceeding shall be (i) the <span class="dictionary">insurer</span>, (ii) the registered holders of all its stock still outstanding in the hands of the public, and (iii) its policyholders as a class. Process may be served on the policyholders as a class by publication but any policyholder may, on <span class="dictionary">motion</span>, be admitted as an individual <span class="dictionary">party</span>. The <span class="dictionary">court</span> shall appoint an attorney to represent all other policyholders.</p></section></text><history>1954, c. 20, &#xA7; 38.1-495.3; 1986, c. 562.</history><metadata></metadata></law>
