Membership interest not a security

08 V.S.A. ch. 101, § 3445, under Chapter 101: Insurance Companies Generally.

08 V.S.A. ch. 101, § 3445

§ 3445. Membership interest not a security

A membership interest in a domestic mutual insurance holding company shall not constitute a security as defined by 9 V.S.A. § 4202a. (Added 1995, No. 167 (Adj. Sess.), § 29a.)