2011 Vermont Code
Title 08 Banking and Insurance
Chapter 101 INSURANCE COMPANIES GENERALLY
§ 3427 Voting
hl%01!
TITLE 8
Banking and Insurance
PART III
Insurance
CHAPTER 101. INSURANCE COMPANIES GENERALLY
Subchapter III. Mergers, Consolidations, Conversions, Mutualizations, Bulk Reinsurance, Subsidiaries
§ 3427. Voting
At any meeting of the shareholders, members or policyholders, as the case may be, held pursuant to the resolution of the board of directors for the purpose of adopting an agreement of merger or consolidation, as provided for in sections 3424 and 3425 of this title, the shareholders, members or policyholders, as the case may be, entitled to vote in respect thereof may vote in person or by proxy and shall have such votes as they are entitled to pursuant to the charter and bylaws of the insurer or as may otherwise be provided by law. Two-thirds of the votes cast at the meeting in person or by proxy, shall be necessary for the adoption of such proposed articles of merger or consolidation. (1967, No. 344 (Adj. Sess.), { 1 (ch. 1, subch. 4, { 6).)
Disclaimer: These codes may not be the most recent version. Vermont 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.
