University of Colorado Law School Colorado Law Scholarly Commons Articles Colorado Law Faculty Scholarship 2020 Remutualization Erik F. Gerding University of Colorado Law School Follow this and additional works at: https://scholar.law.colorado.edu/articles Part of the Administrative Law Commons, Banking and Finance Law Commons, Business Organizations Law Commons, Consumer Protection Law Commons, Insurance Law Commons, Law and Economics Commons, Securities Law Commons, and the Tax Law Commons Citation Information Erik F. Gerding, Remutualization, 105 CORNELL L. REV. 797 (2020), available at https://scholar.law.colorado.edu/articles/1323. Copyright Statement Copyright protected. Use of materials from this collection beyond the exceptions provided for in the Fair Use and Educational Use clauses of the U.S. Copyright Law may violate federal law. Permission to publish or reproduce is required. This Article is brought to you for free and open access by the Colorado Law Faculty Scholarship at Colorado Law Scholarly Commons. It has been accepted for inclusion in Articles by an authorized administrator of Colorado Law Scholarly Commons. For more information, please contact
[email protected]. \\jciprod01\productn\C\CRN\105-3\CRN305.txt unknown Seq: 1 28-JUL-20 17:16 REMUTUALIZATION Erik F. Gerding† INTRODUCTION ........................................... 798 R I. DEMUTUALIZATION AND REMUTUALIZATION ACROSS FINANCIAL SECTORS ................................ 809 R A. Investment Banks ............................ 812 R 1. The Demise of Investment Banks as Partnerships .............................. 812 R 2. Consequences............................. 816 R 3. Policy Solutions ........................... 818 R B. Banks and Lenders ........................... 818 R 1. Demutualization........................... 821 R 2. Consequences of the Shift Away from Mutuals .................................. 823 R C. Insurance Companies ........................ 823 R 1.