Statute · California Insurance Code
Cal. Ins. Code § 1560.13 — Conversion of Certain Reciprocal Insurers to Incorporated Stock Insurers
Cal. Ins. Code § 1560.13
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 1999-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Unless otherwise provided in the plan of conversion, the governing body and officers of the domestic reciprocal insurer shall serve as directors and officers of the converted insurer until new directors and officers have been duly elected and qualified pursuant to the articles of incorporation…
Citator
Cal. Ins. Code § 1560.13 — Conversion of Certain Reciprocal Insurers to Incorporated Stock Insurers is in force in the current edition of the Code, and nothing recorded condemns it.
Unless otherwise provided in the plan of conversion, the governing body and officers of the domestic reciprocal insurer shall serve as directors and officers of the converted insurer until new directors and officers have been duly elected and qualified pursuant to the articles of incorporation and bylaws of the stock company.