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Georgia Commons

Código Oficial de Georgia Anotado

Título 33. INSURANCE · Capítulo 14. DOMESTIC STOCK AND MUTUAL INSURERS · Artículo 1. GENERAL PROVISIONS

33-14-12. Number, qualifications, election, and terms of directors.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    The affairs of every domestic insurer shall be managed by not less than three directors.#

  2. (b)

    Directors must be elected by the members or stockholders of a domestic insurer at the annual meeting of stockholders or members. Directors may be elected for terms of not more than three years each and until their successors are elected and have qualified; and if to be elected for terms of more than one year the insurer’s bylaws shall provide for a staggered term system under which the terms of a proportionate part of the members of the board of directors will expire on the date of each annual meeting of stockholders or members.#

  3. (c)

    At least one-fourth of the directors of the insurer must be residents of this state. A majority of the directors must be citizens of the United States.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1933, § 56-1519, enacted by Ga. L. 1960, p. 289, § 1.

Cross references

Management contracts, § 33-14-14.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t33-ch1-22-(v24)-2020-pdf.pdf, Volumen V24, edición 2020, páginas 666 a 667; acción de fusión: carried; SHA-256 del archivo 4ecec175d949.