Except as provided in section 1504(b) (relating to adoption, amendment and contents of bylaws), the board of directors of an insurance corporation shall have the authority to adopt, amend and repeal bylaws, subject to the power of the members to change such action. The articles may restrict the authority of the board to adopt, amend or repeal bylaws generally or on any subject or class of subjects.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 31 - Insurance Corporations
Section 3101 - Application and effect of chapter
Section 3122 - Distributions by insurance corporations
Section 3133 - Notice of meetings of members of mutual insurance companies
Section 3134 - Quorum at shareholder or member meetings
Section 3135 - Proxies of members of mutual insurance companies
Section 3136 - Judges of election