West Virginia § 33-27A-6 Amending articles of incorporation of mutual holding company

West Virginia Statutes

§ 33-27A-6 — Amending articles of incorporation of mutual holding company

West Virginia·Ch. 33 Â INSURANCE·Art. 27 INSURANCE HOLDING COMPANY SYSTEMS

Proposed amendments to the articles of incorporation of a mutual insurance holding company may be adopted at any members’ meeting. The board of directors of a mutual insurance holding company shall provide notice of any members meeting conducting a vote on the adoption of the amendment to the articles of incorporation by publication in a newspaper of general circulation, published in the county where the company’s principle place of business is located, at least 30 days prior to the members meeting. Where the amendment is not inconsistent with the Constitution and laws of the State of West Virginia and of the United States, the amendment may be adopted by the affirmative vote of at least three-fifths of the members present and voting at the meeting.

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Proposed amendments to the articles of incorporation of a mutual insurance holding company may be adopted at any members’ meeting. The board of directors of a mutual insurance holding company shall provide notice of any members meeting conducting a vote on the adoption of the amendment to the articles of incorporation by publication in a newspaper of general circulation, published in the county where the company’s principle place of business is located, at least 30 days prior to the members meeting. Where the amendment is not inconsistent with the Constitution and laws of the State of West Virginia and of the United States, the amendment may be adopted by the affirmative vote of at least three-fifths of the members present and voting at the meeting.

West Virginia § 33-27A-6 (Amending articles of incorporation of mutual holding company) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.