Montana Statutes
§ 33-4-308 — Board Of Directors -- Quorum
33-4-308 . Board of directors -- quorum.
(1)The general management of the affairs of a farm mutual insurer is vested in its board of directors.
(2)A majority of the directors shall constitute a quorum to do business at any lawful meeting of the board.
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Legislative History
En. Sec. 494, Ch. 286, L. 1959; R.C.M. 1947, 40-4827.
Nearby Sections
15
§ 33-4-102
Definitions§ 33-4-103
Corporate Powers In General§ 33-4-201
Eligible Incorporators§ 33-4-205
Certified Copies Of Articles As Evidence§ 33-4-206
Initial Qualifications§ 33-4-301
Bylaws -- Adoption -- Power To Amend§ 33-4-302
Bylaws -- Contents§ 33-4-303
Bylaws Binding Upon Members§ 33-4-304
Annual Meetings Of Members -- Where Held§ 33-4-306
Adjourned Annual Meetings -- Notice