§ 4097.14. — 4097.14. (Added by Stats. 1998, Ch. 421, Sec. 4.)

California § 4097.14.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 2.: DIVISION 2. CLASSES OF INSURANCE
• Part 1.: PART 1. FIRE AND MARINE INSURANCE
• Ch. 4.: CHAPTER 4. General Mutual Insurers
• Art. 10.: ARTICLE 10. Conversion of an Incorporated Medical Malpractice Mutual Insurer into an Incorporated Stock Insurer

Text

Unless otherwise provided in the plan of conversion, the directors and officers of the mutual company shall serve as directors and officers of the converted company until new directors and officers have been duly elected and qualified pursuant to the articles of incorporation and bylaws of the stock company.

Legislative History

Added by Stats. 1998, Ch. 421, Sec. 4. Effective January 1, 1999.