40-4009. Directors and officers of mutual insurer, service. - Kansas Statutes

40-4009

Chapter 40.--INSURANCE Article 40.--CONVERSION OF DOMESTIC MUTUAL INSURER INTO DOMESTIC STOCK INSURER

      40-4009.   Directors and officers of mutual insurer, service.The directors and officers of the mutual insurer shall serveuntil new directors and officers have been duly elected and qualified pursuantto the plan and articles of incorporation or bylaws of theconverted insurer or of the affiliates of the converted insurer, ifapplicable, unless otherwise determined by the board of directors of theconverting insurer.

      History:   L. 1985, ch. 154, § 9;L. 1997, ch. 107, § 11; July 1.