Download as PDF
304.24-080 Amendment of articles of incorporation -- Mutual insurers.
(1)
(2)
(3)
A domestic mutual insurer heretofore or hereafter formed may amend its articles of
incorporation for any lawful purpose by affirmative vote of a majority of those of its
members present or represented by proxy at any regular annual meeting of its
members, or at any special meeting of members called for the purpose. Written
notice of the proposed amendment shall be given members at least thirty (30) days
prior to the meeting, and may be given in the same manner and at the same time as
notice of the meeting is given or in any other appropriate manner.
Upon adoption of the amendment the insurer shall prepare articles of amendment in
quadruplicate, setting forth the amendment and the date and manner of the adoption
thereof. The articles of amendment shall be executed by the insurer's president or
vice president and secretary or assistant secretary, and be acknowledged by them
before an officer authorized by law to take acknowledgments of deeds.
The quadruplicate originals of the articles of amendment shall be delivered to the
commissioner, shall be subject to examination and certification by the Attorney
General, to approval by the commissioner, and to filing, all as provided for original
articles of incorporation under KRS 304.24-040. For filing articles of amendment of
the articles of incorporation of a domestic mutual insurer the Secretary of State shall
charge and collect a fee of ten dollars ($10), for credit to the general fund.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1325, effective July 15, 2010. -- Created
1970 Ky. Acts ch. 301, subtit. 24, sec. 8, effective June 18, 1970.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
