Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
If the code of regulations of any mutual life insurance corporation so provides, the board of directors or trustees, by a resolution adopted by a majority of the whole board, may designate three or more of its number to constitute an executive committee, which committee shall, to the extent provided in the resolution or in the code of regulations, have and exercise, during the interim between the meetings of the board, all of the authority of the board in the management of the corporation.
The designation of such committee shall not relieve the board, or any member thereof, of any responsibility imposed by law.
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.