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Current as of January 01, 2022 | Updated by FindLaw Staff
It shall be unlawful for any person, firm, or corporation, or the officers, directors, trustees, employes, attorneys, or representatives of any stock or mutual insurance company, incorporated under the laws of this Commonwealth or the laws of any other State or foreign country, to give or promise money or anything of value to the owners or holders of capital stock of any insurance company, or to the members of any mutual insurance company, incorporated under the laws of this Commonwealth, with intent to secure the voting proxy of any share or shares of such capital stock or of any member; and no proxy or proxies so obtained shall be voted at any stockholders' or members' meeting of any insurance company incorporated under the laws of this Commonwealth.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 478. Buying proxies prohibited - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-478/
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 or via Westlaw before relying on it for your legal needs.
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