Wyoming § 26-24-119 Voting rights of members of mutual insurers

Wyoming Statutes

§ 26-24-119 — Voting rights of members of mutual insurers

Wyoming § 26-24-119

Title 26Insurance Code

Ch. 24ORGANIZATION AND CORPORATE PROCEDURES OF LEGAL

This text of Wyoming § 26-24-119 (Voting rights of members of mutual insurers) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 26-24-119 (2026).

Text

(a)Each member of a mutual insurer is entitled to one (1) vote upon each matter coming to a vote at meetings of members.

(b)A member has the right to vote in person or by his written proxy filed with the corporate secretary not less than five (5) days prior to the meeting. No proxy shall be made irrevocable, nor be valid beyond the earlier of the following dates:

(i)The date of expiration set forth in the proxy; or

(ii)The date of termination of membership; or

(iii)Five (5) years from the date of execution of the proxy.

(c)No member's vote upon any proposal to divest the insurer of its business or assets, or the major part thereof, shall be registered or taken except in person or by proxy newly executed and specific as to the matter to be voted upon.

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(a) Each member of a mutual insurer is entitled to one (1)
vote upon each matter coming to a vote at meetings of members.
(b) A member has the right to vote in person or by his
written proxy filed with the corporate secretary not less than
five (5) days prior to the meeting. No proxy shall be made
irrevocable, nor be valid beyond the earlier of the following
dates:
(i) The date of expiration set forth in the proxy; or
(ii) The date of termination of membership; or
(iii) Five (5) years from the date of execution of
the proxy.
(c) No member's vote upon any proposal to divest the
insurer of its business or assets, or the major part thereof,
shall be registered or taken except in person or by proxy newly
executed and specific as to the matter to be voted upon.