A. As to management, records and affairs of the insurer a member of a domestic mutual insurer shall have the same character of rights and relationship as a stockholder has toward a domestic stock insurer.
B. Subsection A above shall not be deemed to:
(1) subject the mutual insurer to requirements of Sections 560 [ 59A-34-14 NMSA 1978] (information to stockholders and proxy regulations), 561 [ 59A-34-15 NMSA 1978] (information in advance of stockholder meetings) or 562 [ 59A-34-16 NMSA 1978] (solicitation of proxies) of this article; or
(2) give mutual members the right of dissent and appraisal on any merger, consolidation, bulk reinsurance, or sale of assets of the insurer.