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Simple English definitions for legal terms

demutualization

Read a random definition: compos mentis

A quick definition of demutualization:

Demutualization is when a company that is owned by its policyholders (people who have bought insurance from the company) becomes a company that is owned by outside shareholders. This is usually done to increase the company's capital by allowing it to issue shares. About half of the states have laws that allow for demutualization.

A more thorough explanation:

Definition: The process of converting a mutual insurance company, which is owned by its policyholders, to a stock insurance company, which is owned by outside shareholders. This is usually done to increase the insurer's capital by allowing the insurer to issue shares. About half the states have demutualization statutes authorizing such a conversion.

Example: XYZ Mutual Insurance Company decides to demutualize and become a stock insurance company. As a result, the policyholders will no longer own the company, and it will be owned by outside shareholders who have purchased shares in the company.

Explanation: This example illustrates how a mutual insurance company can become a stock insurance company through demutualization. The process allows the company to raise capital by issuing shares to outside investors, which can help the company grow and expand its operations.

demurrer to interrogatories | denarius Dei

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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