40-12a03. Board of directors; selection; officers. - Kansas Statutes

40-12a03

Chapter 40.--INSURANCE Article 12a.--MUTUAL INSURANCE COMPANIES ORGANIZED TO PROVIDE HEALTH CARE PROVIDER LIABILITY INSURANCE

      40-12a03.   Board of directors; selection; officers.The affairs of the company shall be managed by a board ofdirectors of not less than five nor more than 25 persons selected by theassociation or associations forming the company. Directors shall not berequired to be policyholders. The persons named as directors in thecharter shall constitute the directors for the first year, and, at theirfirst meeting, they shall select a president, secretary and treasurer andsuch other officers as may be necessary. Thereafter, directors shall beselected in accordance with the bylaws.

      History:   L. 1988, ch. 147, § 3; April 28.