| << Previous Section (31A-9-404) | Next Section (31A-9-406) >> |
Insurance Code | |
Insurance Fraternals | |
Section 405 | Board of directors. |
|
31A-9-405. Board of directors. (1) Sections 16-6a-801 and 16-6a-802 apply to fraternals, except that the supreme governing body may act as the board of directors if it meets at least quarterly. Subsections 31A-5-407(2) through (9) apply to fraternals, except that the word "mutual" shall be read "fraternal" and the references to other sections of Chapter 5 shall be to the corresponding sections of Chapter 9. (2) The terms of directors and officers may not exceed four years.
Amended by Chapter 300, 2000 General Session |
| << Previous Section (31A-9-404) | Next Section (31A-9-406) >> |