§ 26-24-106 — Articles of incorporation; amendment by mutual insurers

Wyoming § 26-24-106

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 24: ORGANIZATION AND CORPORATE PROCEDURES OF LEGAL

Text

(a) A domestic mutual insurer may amend its articles of
incorporation for any lawful purpose by affirmative vote of a
majority of the members present or represented by proxy at any
regular annual meeting of its members, or at any special meeting
of members called for the purpose. Written notices of the
proposed amendment shall be given members at least thirty (30)
days prior to the meeting and may be given in the same manner
and at the same time as notice of the meeting is given or in any
other appropriate manner.
(b) Upon adoption of the amendment the insurer shall
prepare articles of amendment in triplicate under its corporate
seal, setting forth the amendment and the date and manner of the
adoption thereof. The articles of amendment shall be executed by
the insurer's president or vice-president and secretary or
assistant secretary, and be acknowledged by them before an
officer authorized by law to take acknowledgements of deeds.
(c) The triplicate originals of the articles of amendment
shall be delivered to the commissioner and are subject to the
same examination, certification, approval and filing procedures
as provided for original articles of incorporation under W.S.