US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 28
                    ORGANIZATION AND CORPORATE PROCEDURES
                         OF STOCK AND MUTUAL INSURERS
    41-2834.  VOTING RIGHTS OF MUTUAL MEMBERS. (1) Each member of a mutual
insurer is entitled to one (1) vote upon each matter coming to a vote at
meetings of members.
    (2)  A member shall have the right to vote in person or by his written
proxy filed with the corporate secretary not less than five (5) days prior to
the meeting. No such proxy shall be made irrevocable, nor be valid beyond the
earlier of the following dates:
    (a)  The date of expiration set forth in the proxy; or
    (b)  The date of termination of membership; or
    (c)  Five (5) years from the date of execution of the proxy.
    (3)  No member's vote upon any proposal to divest the insurer of its
business or assets, or the major part thereof, shall be registered or taken
except in person or by proxy newly executed and specific as to the matter to
be voted upon.