2006 New York Code - Organization And Corporate Procedure



 
                                 ARTICLE 12
 
                    ORGANIZATION AND CORPORATE PROCEDURE
 
  Section 1201. Incorporation of stock or mutual insurance companies.
          1202. Number  of directors; independent directors and committees
                  of the board of directors; duty of directors.
          1203. Non-use of corporate charter.
          1204. Sale of insurance securities.
          1205. Existing corporations.
          1206. Amendments  to  charters  and  increase  of   capital   of
                  insurance corporations.
          1207. Options for the purchase of shares.
          1208. Method of amending mutual company charters.
          1209. Management and by-laws of mutual insurance corporations.
          1210. By-laws of domestic stock life insurance companies.
          1211. Mutual insurance corporations; membership and dividends.
          1212. Service of process upon superintendent as attorney.
          1213. Service  of  process  on  superintendent  as  attorney for
                  unauthorized insurers.
          1214. Acting for foreign corporation which  has  not  designated
                  superintendent as attorney.
          1215. Forfeiture  of office by director or trustee of a domestic
                  mutual insurer.
          1216. Notice of indemnification of  directors  and  officers  of
                  insurance corporations.
          1217. Vouchers for disbursements.
          1218. Regulation  of stock ownership, interlocking directors and
                  common management.
          1219. Misconduct by directors; insolvency.
          1220. Misconduct by officers and directors of co-operative  fire
                  insurance companies and of fraternal benefit societies.
          1221. Transactions    by   officers,   directors   and   certain
                  shareowners in the insurer's shares.

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