33-3-306. Participation of policyholders in election of directors of stock insurer. The bylaws of a domestic stock life insurer may provide a plan for its policyholders to participate with stockholders in the election of its directors.
History: En. Sec. 438, Ch. 286, L. 1959; R.C.M. 1947, 40-4721.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 3. Domestic Stock and Mutual Insurers
33-3-302. Bylaws of stock insurer -- modification
33-3-303. Meetings of stockholders or members
33-3-304. Proxies -- corrupt practices
33-3-305. Directors -- number and election
33-3-306. Participation of policyholders in election of directors of stock insurer
33-3-307. Bonding of officers and employees
33-3-308. Prohibited pecuniary interest of officials