41-3117. AMENDMENT OF ARTICLES OF INCORPORATION. (1) The articles of incorporation of such an insurer may be amended in any lawful respect by approval by its board of directors by affirmative vote of at least two-thirds (2/3) of all its directors and by adoption thereafter by affirmative vote of not less than two-thirds (2/3) of the insurer’s members present or represented by proxy at any meeting of members, at which a quorum as required by the insurer’s constitution or by-laws was present, and if the notice of such meeting contained notice of the proposed amendment.
(2) An amendment so adopted shall be filed in accordance with the applicable provisions of section 41-2827(2); except that the fee for the filing of the amendment with the director shall be as provided in section 41-3118, Idaho Code. The filing fee shall not be subject to refund.
History:
[41-3117, added 1961, ch. 330, sec. 675, p. 645; am. 1984, ch. 23, sec. 4, p. 40.]
Structure Idaho Code
Chapter 31 - COUNTY MUTUAL INSURERS
Section 41-3101 - SCOPE OF CHAPTER — PROVISIONS EXCLUSIVE.
Section 41-3102 - ORGANIZATION OF COUNTY MUTUAL FIRE INSURERS.
Section 41-3102A - CONVERSION INTO DOMESTIC MUTUAL.
Section 41-3103 - FILING OF ARTICLES — COMMENCEMENT OF BUSINESS.
Section 41-3104 - INSURING POWERS.
Section 41-3104A - PROPERTY USED TO FIGHT FIRES — CHARGES.
Section 41-3105 - INSURER’S TERRITORY.
Section 41-3106 - LIMIT OF RISK.
Section 41-3107 - REINSURANCE.
Section 41-3108 - CERTIFICATE OF AUTHORITY REQUIRED.
Section 41-3111 - ADVANCE PAYMENTS BY MEMBERS.
Section 41-3112 - ASSESSMENTS.
Section 41-3112A - ADVANCE PREMIUMS — RETURN PREMIUMS.
Section 41-3114 - INVESTMENTS.
Section 41-3115 - SITE FOR HEAD OFFICE.
Section 41-3116 - RECORDS — ANNUAL STATEMENT.