Iowa Statutes
§ 508D.5 — Board of directors
Iowa § 508D.5
This text of Iowa § 508D.5 (Board of directors) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 508D.5 (2026).
Text
1.The members of the board of directors shall be selected by the member guaranty
associations. The number of members of the board and their terms shall be established in
the plan of operation. Vacancies on the board shall be filled for the remaining period of the
§508D.5, MULTISTATE LIFE AND HEALTH INSURANCE RESOLUTION FACILITY 2
term by a majority vote of the remaining board members. In determining voting rights, each
member guaranty association shall be entitled to one vote in person or by proxy.
2.The initial board of directors of the facility shall be established by the Iowa life and
health insurance guaranty association and shall consist of not less than five nor more than
nine members. The initial board of directors shall adopt a plan of operation for the facility as
provided in se
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Nearby Sections
9
§ 508D.1
Title§ 508D.2
Purpose§ 508D.3
Definitions§ 508D.4
Facility established§ 508D.5
Board of directors§ 508D.7
Plan of operation§ 508D.8
Costs and assessments§ 508D.9
Miscellaneous provisionsCite This Page — Counsel Stack
Bluebook (online)
Iowa § 508D.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/508D.5.