Statute · California Insurance Code
Cal. Ins. Code § 5060 — Formation and Organization
Cal. Ins. Code § 5060
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The directors shall elect, from their own number, a president and a vice president. They shall also elect a treasurer and a secretary, who need not be members of the insurer nor natural persons. All of such officers hold their office for one year from the date of their election, and until their…
Citator
Cal. Ins. Code § 5060 — Formation and Organization is in force in the current edition of the Code, and nothing recorded condemns it.
The directors shall elect, from their own number, a president and a vice president. They shall also elect a treasurer and a secretary, who need not be members of the insurer nor natural persons. All of such officers hold their office for one year from the date of their election, and until their successors are elected and qualified.