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Utah Code Ann. § 31A-9-405 – Board of directors. | Midpage
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Utah Code
Title 31A
Chapter 9
Part 4
§ 31A-9-405
Utah Code Ann. § 31A-9-405
Board of directors.
Amended by Chapter 300, 2000 General Session
(1) Sections
16-6a-801
and
16-6a-802
apply to fraternals, except that the supreme governing body may act as the board of directors if it meets at least quarterly. Subsections
31A-5-407(2)
through
(9)
apply to fraternals, except that the word "mutual" shall be read "fraternal" and the references to other sections of
Chapter 5, Domestic Stock and Mutual Insurance Corporations
, shall be to the corresponding sections of
Chapter 9, Insurance Fraternals
.
(2) The terms of directors and officers may not exceed four years.
Amended by Chapter 300, 2000 General Session