North Dakota § 26.1-12-16 Vote by proxy permitted - Manner of voting by proxy

North Dakota Statutes

§ 26.1-12-16 — Vote by proxy permitted - Manner of voting by proxy

North Dakota § 26.1-12-16

Title 26.1Insurance

Ch. 26.1-12Incorporated Mutual Insurance Companies

This text of North Dakota § 26.1-12-16 (Vote by proxy permitted - Manner of voting by proxy) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-12-16 (2026).

Text

Members of a mutual insurance company may vote by proxy dated and executed within
three months prior to the meeting at which the proxy is to be used when returned and recorded
on the books of the company three days or more before the meeting. A person may not as proxy
or otherwise cast more than fifty votes, and an officer, personally or by another, may not ask for,
receive, procure to be obtained, or use, a proxy vote. This section does not apply to a proxy
committee duly established by the bylaws comprised of no less than three members appointed
by the board of directors whose duty is to cast the vote by proxy of members at any duly called
annual or special meeting of the mutual insurance company.

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Members of a mutual insurance company may vote by proxy dated and executed within
three months prior to the meeting at which the proxy is to be used when returned and recorded
on the books of the company three days or more before the meeting. A person may not as proxy
or otherwise cast more than fifty votes, and an officer, personally or by another, may not ask for,
receive, procure to be obtained, or use, a proxy vote. This section does not apply to a proxy
committee duly established by the bylaws comprised of no less than three members appointed
by the board of directors whose duty is to cast the vote by proxy of members at any duly called
annual or special meeting of the mutual insurance company.