Ohio § 3913.06 Board of directors or trustees - corporate powers

Ohio Statutes

§ 3913.06 — Board of directors or trustees - corporate powers

Ohio § 3913.06

Title 39Insurance

Ch. 3913Changes In Corporate Organization Or Status

This text of Ohio § 3913.06 (Board of directors or trustees - corporate powers) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 3913.06 (2026).

Text

The corporate powers of a mutual life insurance corporation shall be exercised by, and its business and affairs shall be controlled by, a board of directors or trustees composed of not less than three nor more than twenty-one natural persons who are policyholders or members of said corporation. The members of such board shall be at least eighteen years of age, and at least three members must be residents and citizens of this state.

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The corporate powers of a mutual life insurance corporation shall be exercised by, and its business and affairs shall be controlled by, a board of directors or trustees composed of not less than three nor more than twenty-one natural persons who are policyholders or members of said corporation. The members of such board shall be at least eighteen years of age, and at least three members must be residents and citizens of this state.