§ 10992. — 10992. (Repealed and added by Stats. 1951, Ch. 1193.)

California § 10992.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 2.: DIVISION 2. CLASSES OF INSURANCE
• Part 2.: PART 2. LIFE AND DISABILITY INSURANCE
• Ch. 10.: CHAPTER 10. Fraternal Benefit Societies
• Art. 2.: ARTICLE 2. Definitions

Text

A society shall be deemed to have a representative form of government when:
(a)
It provides in its constitution or laws for a supreme legislative or governing body, composed of representatives elected either by the members or by delegates elected directly or indirectly by the members, together with such other members as may be prescribed by the society’s constitution and laws;
(b)
The representatives elected constitute a majority in number and have not less than two-thirds of the votes nor less than the votes required to amend its constitution and laws;
(c)
The meetings of the supreme legislative or governing body and the election of officers, representatives and delegates, by whatever name known, are held as often as once in four calendar years;
(d)
The members, officers, representatives and delegates, by whatever name known, shall not vote by proxy; and
(e)
The officers may be elected by the board of directors if the board of directors is itself elected by the supreme legislative or governing body.

Legislative History

Repealed and added by Stats. 1951, Ch. 1193.