Idaho § 41-2834 VOTING RIGHTS OF MUTUAL MEMBERS

Idaho Statutes

§ 41-2834 — VOTING RIGHTS OF MUTUAL MEMBERS

Idaho § 41-2834

Title 41INSURANCE

Ch. 28ORGANIZATION AND CORPORATE PROCEDURES OF STOCK AND MUTUAL INSURERS

This text of Idaho § 41-2834 (VOTING RIGHTS OF MUTUAL MEMBERS) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 41-2834 (2026).

Text

(1)Each member of a mutual insurer is entitled to one (1) vote upon each matter coming to a vote at meetings of members.

(2)A member shall have the right to vote in person or by his written proxy filed with the corporate secretary not less than five (5) days prior to the meeting. No such proxy shall be made irrevocable, nor be valid beyond the earlier of the following dates:

(a)The date of expiration set forth in the proxy; or

(b)The date of termination of membership; or

(c)Five (5) years from the date of execution of the proxy.

(3)No member’s vote upon any proposal to divest the insurer of its business or assets, or the major part thereof, shall be registered or taken except in person or by proxy newly executed and specific as to the matter to be voted upon.

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(1) Each member of a mutual insurer is entitled to one (1) vote upon each matter coming to a vote at meetings of members.
(2) A member shall have the right to vote in person or by his written proxy filed with the corporate secretary not less than five (5) days prior to the meeting. No such proxy shall be made irrevocable, nor be valid beyond the earlier of the following dates:
(a) The date of expiration set forth in the proxy; or
(b) The date of termination of membership; or
(c) Five (5) years from the date of execution of the proxy.
(3) No member’s vote upon any proposal to divest the insurer of its business or assets, or the major part thereof, shall be registered or taken except in person or by proxy newly executed and specific as to the matter to be voted upon.