Colorado Statutes
§ 10-12-407 — Bylaws
The bylaws shall provide that each policyholder of the
company shall be a member of the company and shall be entitled to one or more
votes based upon the amount of insurance in force, the number of policies held, or
the amount of premium paid, as shall be stated in such bylaws. The bylaws may
permit voting by proxy.
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Legislative History
Source: L. 91: Entire part added, p. 1220, � 1, effective May 24.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
Company unauthorized in other states