§ 26.1-12-06 — Bylaws of mutual company - Meetings - Notice - Quorum

North Dakota § 26.1-12-06

• Jurisdiction: North Dakota
• Title 26.1: Insurance
• Ch. 26.1-12: Incorporated Mutual Insurance Companies

Text

The bylaws of any mutual insurance company organized under this chapter must prescribe
the manner of notification to members of all corporation meetings of members and must
prescribe what constitutes a quorum of members. A quorum is those members present in
person or represented by written proxies. A majority of those voting is sufficient to approve or
reject any proposal submitted at any annual or special meeting. Every member of the company
is entitled to one vote only. Every member must be notified of the time and place of the holding
of the meetings of the company by a written notice or by an imprint on each policy, receipt, or
certificate of renewal. In addition, a notice of any annual or special meeting must be published in

the official newspaper of the county in which the principal office of the company is located. The
notice must be published at least twice, the first publication to be made at least sixty days
before the meeting. If a special meeting of members is called, a notice of the time, place, and
object of the meeting must be mailed to all members at least sixty days before the meeting.