3131 - Directors. - Pennsylvania Statutes

SUBCHAPTER C OFFICERS, DIRECTORS AND SHAREHOLDERS Sec. 3131. Directors. 3132. Officers. 3133. Notice of meetings of members of mutual insurance companies. 3134. Quorum at shareholder or member meetings. 3135. Proxies of members of mutual insurance companies. 3136. Judges of election. 3137. Appointment of custodian. 3138. Judicial supervision of corporate action. § 3131. Directors. (a) Qualifications.--Two-thirds of the directors of an insurance corporation shall be citizens of the United States. (b) Number.--The board of directors of an insurance corporation shall consist of not less than seven members. Cross References. Section 3131 is referred to in sections 1722, 1723 of this title.