40-503. Seal; bylaws. The board of directors of any mutual life insurance company shall have power to adopt a seal and make such bylaws and amendments thereto, not inconsistent with the constitution and laws of this state, as may be deemed necessary for the regulation and management of its affairs.
History: L. 1927, ch. 231, 40-503; June 1.
Structure Kansas Statutes
Article 5 - Mutual Life Insurance Companies
40-502 Directors and officers; vacancies; elections.
40-504 Certificate of authority; procedure and fee; duties of attorney general.
40-505 Suspension of business.
40-507 Merger or consolidation; order of commissioner directing delivery of assets.
40-508 Same; merger and consolidation defined.
40-509 Same; resolution of boards of directors.
40-511 Same; approval by two-thirds vote of policyholders; notice of meeting; summary of agreement.
40-512 Same; impaired insurer.
40-513 Same; articles of merger or consolidation, requirements.
40-515 Same; compensation of directors and officers; criminal penalties.
40-516 Same; act supplemental to insurance code; severability.