Maine Statutes
§ 24-A §3625 — Directors' residence, compensation
1.A majority of the board of directors of the insurer shall be residents of, and actually reside in, this State.
2.The salary or compensation for services of the directors of the insurer shall be fixed by the policyholders at their annual meeting.
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Legislative History
PL 1969, c. 132, §1 (NEW).
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