§ 31A-9-405. Board of directors.

Latest version.

(1)

Sections 16-6a-801 and 16-6a-802 apply to fraternals, except that the supreme governing body may act as the board of directors if it meets at least quarterly. Subsections 31A-5-407(2) through (9) apply to fraternals, except that the word "mutual" shall be read "fraternal" and the references to other sections of Chapter 5, Domestic Stock and Mutual Insurance Corporations, shall be to the corresponding sections of Chapter 9, Insurance Fraternals.

(2)	The terms of directors and officers may not exceed four years.

Amended by Chapter 300, 2000 General Session

                    
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