Legislation
SECTION 6624
Voting by members and meetings of boards of directors; co-operative property/casualty insurance companies
Insurance (ISC) CHAPTER 28, ARTICLE 66
§ 6624. Voting by members and meetings of boards of directors;
co-operative property/casualty insurance companies. (a) A member of any
co-operative property/casualty insurance company may vote at any regular
or special meeting of the corporation in person or he may vote by proxy,
if the by-laws of the corporation so provide.
(b) (1) The board of directors of every co-operative property/casualty
insurance company shall hold regular meetings at least four times in
each calendar year.
(2) Compliance with paragraph one hereof, except as to the annual
meeting, may be made by an executive committee of at least four members,
duly authorized to act on behalf of the board of directors.
co-operative property/casualty insurance companies. (a) A member of any
co-operative property/casualty insurance company may vote at any regular
or special meeting of the corporation in person or he may vote by proxy,
if the by-laws of the corporation so provide.
(b) (1) The board of directors of every co-operative property/casualty
insurance company shall hold regular meetings at least four times in
each calendar year.
(2) Compliance with paragraph one hereof, except as to the annual
meeting, may be made by an executive committee of at least four members,
duly authorized to act on behalf of the board of directors.