Indiana Code 27-5.1-2-10. Annual policyholder meeting
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Sec. 10. (a) A farm mutual insurance company shall hold an annual meeting of the policyholders of the farm mutual insurance company on the date, time, and location set forth in the articles of incorporation of the farm mutual insurance company. If the articles of incorporation do not specify the date, time, and location of the annual meeting, the meeting shall be held on the first Monday in April at the registered principal office of the farm mutual insurance company.
(c) Each policyholder of a farm mutual insurance company is entitled to one (1) vote on any issue voted upon at a policyholder meeting.
(b) A quorum for purposes of an annual policyholder meeting must be defined in a farm mutual insurance company’s articles of incorporation.
Terms Used In Indiana Code 27-5.1-2-10
- Quorum: The number of legislators that must be present to do business.
As added by P.L.129-2003, SEC.8.