Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
In order to secure continuity of membership in its board of directors or trustees, the articles of incorporation of any mutual life insurance corporation may provide for division of the board into not more than three classes, as nearly equal in number as possible, and may fix the term of office for each class.
Unless such provision is made in the articles of incorporation, all directors and trustees shall be elected annually.
Structure Ohio Revised Code
Chapter 3913 | Changes in Corporate Organization or Status
Section 3913.02 | Acquisition of Stock.
Section 3913.03 | Rights and Privileges of Dissenting Stockholder.
Section 3913.04 | Appointment of Trustees - Deposit Retained by Superintendent of Insurance.
Section 3913.05 | Officers and Directors.
Section 3913.06 | Board of Directors or Trustees - Corporate Powers.
Section 3913.07 | Term of Directors or Trustees.
Section 3913.09 | Executive Committee.
Section 3913.10 | Code of Regulations.
Section 3913.11 | Conversion From Mutual Life to Stock Life Company.
Section 3913.12 | Consideration to Policyholders in Effecting Conversion.
Section 3913.13 | Appeal of Policyholder Adversely Affected.
Section 3913.20 | Conversion to Stock Insurance Corporation Other Than Life Definitions.
Section 3913.21 | Stock Insurance Conversion Definitions.
Section 3913.22 | Rights of Mutual Policyholders in Effecting Conversion.
Section 3913.23 | Appeal of Policyholder Adversely Affected.
Section 3913.25 | Reorganization of Mutual Insurance Company as Stock Insurance Company Definitions.
Section 3913.26 | Reorganization of Mutual Insurance Company as Stock Insurance Company.
Section 3913.27 | Vote on Reorganization Plan.
Section 3913.28 | Approving Reorganization Plan.
Section 3913.29 | Amendments to Articles of Incorporation.
Section 3913.30 | Continuation of Corporate Existence, Directors and Officers.
Section 3913.31 | Payment or Reimbursement of Costs and Expenses.
Section 3913.32 | Reorganization by Merging or Consolidating Membership Interests.
Section 3913.33 | Rights and Status of Membership.
Section 3913.34 | Applying Other Insurance Laws.
Section 3913.35 | Reorganization, Dissolution, Liquidation.
Section 3913.36 | Time Limit for Challenges.
Section 3913.38 | Attorney General May Review Transactions Involving Nonprofit Health Care Entities.