§ 3303 - Mutual companies; directors, charter provisions as to - Vermont Statutes

§ 3303. Mutual companies; directors, charter provisions as to

The articles of association or bylaws of a mutual insurer shall set forth the manner in which its board of directors or other governing body shall be elected, and in which meetings of policyholders shall be called, held and conducted, subject to such procedures as may be required by the commissioner under section 75 of this title. (1967, No. 344 (Adj. Sess.), § 1 (ch. 1, subch. 1, § 3); amended 1971, No. 51, § 1, eff. July 1, 1971.)