2005 Minnesota Statutes - 61A.35 — Voting rights.

     61A.35 Voting rights. 


    Unless otherwise provided in the certificate of 
 incorporation or an amendment thereto adopted as provided by 
 section 60A.07, subdivision 1d, or 61A.36, each stockholder of a 
 stock and mutual life insurance company shall, at all meetings, 
 be entitled to one vote for each share of stock held and, except 
 as otherwise provided by law, each holder of a policy entitled 
 to participate in profits or savings shall be a member and, as 
 such, shall be entitled to the number of votes to which that 
 person would be entitled in a mutual company.  


    HIST: 1967 c 395 art 2 s 35; 1986 c 444; 2005 c 69 art 3 s 11 


*   NOTE:  The amendment to this section by Laws 2005, chapter 
*69, article 3, section 11, is effective August 1, 2006.  Laws 
*2005, chapter 69, article 4, section 2.