Pennsylvania Statutes Title 40 P.S. Insurance § 592. Conversion into mutual companies

It shall be lawful for any corporation with capital stock and transacting the business of life insurance on the mutual plan or any life insurance corporation having capital stock incorporated under the provisions of any general or special law of this Commonwealth, to acquire the shares of the capital stock of such corporation for the benefit of its policy-holders, and to convert such corporation into a mutual life insurance corporation in the manner hereinafter provided.