Montana § 33-3-305 Directors -- Number And Election

Montana Statutes

§ 33-3-305 — Directors -- Number And Election

Montana § 33-3-305

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 3DOMESTIC STOCK AND MUTUAL INSURERS

Part 3Management

This text of Montana § 33-3-305 (Directors -- Number And Election) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 33-3-305 (2026).

Text

33-3-305 . Directors -- number and election.

(1)The affairs of every domestic insurer must be managed by the number of directors fixed in the insurer's bylaws, which may not be less than 5 or more than 21 directors.

(2)Directors must be elected by the members or stockholders of a domestic insurer, except as provided in 33-3-306 , at the time and place and for the terms, not exceeding 3 years, as may be provided in the insurer's bylaws. A majority of directors must be elected from the members or stockholders of the domestic insurer.

(3)The term of a director shall extend until a successor has been elected and has qualified.

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33-3-305 . Directors -- number and election. (1) The affairs of every domestic insurer must be managed by the number of directors fixed in the insurer's bylaws, which may not be less than 5 or more than 21 directors.
(2) Directors must be elected by the members or stockholders of a domestic insurer, except as provided in 33-3-306 , at the time and place and for the terms, not exceeding 3 years, as may be provided in the insurer's bylaws. A majority of directors must be elected from the members or stockholders of the domestic insurer.
(3) The term of a director shall extend until a successor has been elected and has qualified.