§ 56-18-106 — Annual meeting - Notice - Voting by proxy

Tennessee § 56-18-106

• Jurisdiction: Tennessee
• Title: 56

Text

(a) Policyholders, as defined in § 56-18-105 , shall be notified of the annual meetings or elections: (1) By written notice; (2) By an imprint upon the filing backs of their policies; (3) In case of policies on which the premiums are payable monthly or more often, on some other prominent place of each policy; or (4) Upon receipts or certificates of renewal. (b) The annual meetings or elections shall be held and conducted in accordance with rules prescribed in the bylaws of the corporation adopted by its board of directors and approved by the commissioner. (c) Policyholders may vote in person, or by proxies dated and executed within three (3) months of, and returned and recorded on the books of the company thirty (30) days or more before, the meeting at which they are to be used. No person shall, as attorney or otherwise, cast more than twenty (20) votes other than those to which the person is entitled as a policyholder, except that the secretary of the corporation may cast as many votes as are possessed by policyholders sending the secretary their proxies, but the secretary shall not solicit any proxy vote, nor shall any other officer, employee or agent of the corporation personally, or by another person or organization, ask for, receive, procure to be obtained or use a proxy vote.

Legislative History

Acts 1949, ch. 91, § 11; C. Supp. 1950, § 6433.23 (Williams, § 6433.27); T.C.A. (orig. ed.), § 56-1607.