This subsection may not be construed to limit the indirect ownership of stock in the reorganized insurer by virtue of having an ownership interest in the mutual holding company.

3.__Merger or consolidation by mutual holding company or stock holding company.__With the written approval of the superintendent, a mutual holding company or stock holding company may:

A.__Merge or consolidate with or acquire the assets of a mutual holding company organized pursuant to this chapter or pursuant to the mutual holding company laws of another state;

B.__Either alone or together with one or more of the reorganized insurers or stock holding companies or subsidiaries of any of them, merge or consolidate with or acquire the assets of a mutual insurer; or

C.__Merge or consolidate with any other person.

4.__Merger with another mutual holding company.__If a mutual holding company merges with a mutual holding company organized under the laws of another state or acquires the membership interests in a foreign mutual insurer, that merger or acquisition must comply with the requirements of Maine law and rules and of any other state's law, rule or regulation that is applicable to the foreign mutual holding company or mutual insurer.__In the event of a conflict of state laws, rules or regulations, Maine laws and rules apply.__A foreign mutual insurer that is merged or acquired pursuant to this section may at the same time redomesticate to this State by complying with the applicable requirements of this State and of the foreign mutual insurer's state of domicile.

5.__Acquisition of stock or assets of other persons.__A mutual holding company may acquire the capital stock or assets of other persons.

6.__Membership interest.__A membership interest in a mutual holding company does not constitute a security under Title 32,