California Legal Codes and Statutes

§ 11532.6

Added by Stats. 1941, Ch. 379.

The directors of the insurer in office at the time the insurer is mutualized as provided in this chapter shall continue in office until the first annual meeting of members. At the first annual meeting of members and at each annual meeting thereafter directors shall be elected by the members for the term or terms authorized by this chapter.

Cite this section

Cal. Ins. Code § 11532.6 (2026)
https://ca.codecond.com/codes/ins/division-2-classes-of-insurance/part-2-life-and-disability-insurance/chapter-13-voluntary-mutualization-of-incorporated-life-and-life-and-disability-insurers-having-a-capital-stock-and-issuing-nonassessable-policies-on-a-reserve-basis/article-2-execution-of-plan/section-11532.6

Other sections in Article 2 - Execution of Plan

§ 11529§ 11529.5§ 11530§ 11531§ 11532§ 11532.1§ 11532.2§ 11532.3§ 11532.4§ 11532.5§ 11532.6§ 11532.7§ 11532.8§ 11533

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