515G.10 Continuation of officers.
The directors and officers of the mutual insurer shall serve the reorganized company until new directors and officers are elected and qualify pursuant to the articles of incorporation and bylaws of the reorganized company.
90 Acts, ch 1083, §10
Structure Iowa Code
Chapter 515G - MUTUAL INSURANCE COMPANY CONVERSIONS
Section 515G.2 - Mutual insurer becoming stock company — authorization.
Section 515G.3 - Plan of conversion.
Section 515G.4 - Policyholders — voting rights.
Section 515G.5 - Appointment of consultant.
Section 515G.6 - Approval of plan by policyholders — notice of election — effective date.
Section 515G.7 - Review of plan by commissioner — hearing authorized — approval.
Section 515G.8 - Payment of fees, salaries, and costs.
Section 515G.9 - Act of conversion — continuation of company.
Section 515G.10 - Continuation of officers.
Section 515G.12 - Amendments — withdrawal.
Section 515G.13 - Prohibitions on certain offers to acquire shares.
Section 515G.14 - Limitation of actions — security for attorney fees.