California Insurance Code

§ 11532.6

INS § 11532.6Div. 2 · Part 2 · Ch. 13 · Art. 2

Statute text

The directors of the insurer in office at the time the insurer is mutualized as provided in this chapter shall continue in office until the first annual meeting of members. At the first annual meeting of members and at each annual meeting thereafter directors shall be elected by the members for the term or terms authorized by this chapter.

Legislative history

Added by Stats. 1941, Ch. 379.