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Current as of January 01, 2024 | Updated by Findlaw Staff
In order to secure continuity of membership in its board of directors or trustees, the articles of incorporation of any mutual life insurance corporation may provide for division of the board into not more than three classes, as nearly equal in number as possible, and may fix the term of office for each class.
Unless such provision is made in the articles of incorporation, all directors and trustees shall be elected annually.
Cite this article: FindLaw.com - Ohio Revised Code Title XXXIX. Insurance § 3913.07 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-xxxix-insurance/oh-rev-code-sect-3913-07/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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