§ 26-24-118 — Meetings of members of domestic mutual insurers; special meetings

Wyoming § 26-24-118

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

Text

(a) A special meeting of the members of a mutual insurer
may be held for any lawful purpose. The meeting shall be called
by the corporate secretary pursuant to request of the insurer's
president or of its board of directors, or upon request in
writing signed by not less than one-tenth (1/10) of the
insurer's members. The meeting shall be held at such time as the
secretary may fix, but not less than ten (10) nor more than
thirty (30) days after receipt of the request. If the secretary
fails to issue the call, the president, directors or members
making the request may do so.
(b) Not less than ten (10) days written notice of the
meeting shall be given. Notice addressed to the insurer's
members at their post office addresses last of record with the
insurer and deposited, postage prepaid, in a letter depository
of the United States post office, is deemed to have been given
when so mailed. Instead of a mailed notice the insurer may
publish the notice in any publication as shall afford a majority
of its members a reasonable opportunity to have actual advance
notice of the meeting. The notice shall state the purposes of
the meeting, and no business shall be transacted at the meeting
of which notice was not so given.