Oklahoma Statutes
§ 36-2114 — Quorum, members of mutual.
Oklahoma·Title 36 Insurance
A domestic mutual insurer may in its bylaws adopt a reasonable provision for determining a quorum of members at any meeting thereof, but no provisions recognizing a quorum of fewer than a simple majority of all the insurer's members present either in person or by proxy shall be effective unless approved as reasonable by the Insurance Commissioner. This section shall not affect any other provision of law requiring vote of a larger percentage of members for a specified purpose.
Free access — add to your briefcase to read the full text and ask questions with AI
Oklahoma § 36-2114 (Quorum, members of mutual.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1957, p. 307, § 2114.
Nearby Sections
15
§ 36-1001
Judicial review.§ 36-101
Short title.§ 36-102
"Insurance" defined.§ 36-103
"Insurer" defined.§ 36-104
"Person" defined.§ 36-105
"Transacting" insurance.§ 36-107
"Board" defined.§ 36-108
"Insurance Department" defined.§ 36-109
Compliance required.§ 36-1100
Short title - Purpose and effect.§ 36-1100.1
Definitions.§ 36-1100.2
Authority to enter multistate agreements.