Appellate court upholds MIIX conversion.
On February 14, 2000, the Appellate Division of New Jersey Superior Court issued an extensive opinion that firmly upheld MIIX's conversion from a reciprocal to a stock insurance company. The court ruled that the MIIX plan of reorganization, by which the conversion was accomplished, was carried out strictly in accordance with law and that the plan's method of distributing stock in the new company to MIIX's members was fair and reasonable. This decision conclusively rejected the challenge to the plan made by three dissident MIIX member physicians.
D'Aloia
D J
DJ
Saiber Schlesinger Satz & Goldstein, LLC, USA.
D007351:Insurance, Liability / Q000331:legislation & jurisprudence*; D007449:Investments / Q000331:legislation & jurisprudence*; D009515:New Jersey