Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 31 - INSURANCE AND SECURITIESSubtitle VI - LIFE AND RELATED INSURANCE
Chapter 44 - DOMESTIC LIFE COMPANIES
Section 31-4421 - Directors - Annual election; qualifications; limitation on proxies

D.C. Code § 31-4421

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Current through codified legislation effective September 18, 2024
Section 31-4421 - Directors - Annual election; qualifications; limitation on proxies

The stock, property, and business of every company organized under this subdivision shall be managed by the directors who shall, except for the 1st year, be annually elected, at such time and place as shall be determined by the bylaws of the company. All proxies used in the election of directors of such companies shall be valid for a period not exceeding 1 year from the election for which they were signed and in which they were authorized to be voted.

D.C. Code § 31-4421

June 19, 1934, 48 Stat. 1149, ch. 672, ch. III, § 21; Mar. 8, 2007, D.C. Law 16-232, § 205(b)(2), 54 DCR 368.

Mutual insurance holding company, membership interest, see § 31-735. Quo warranto proceedings to question right to corporate office, see § 16-3501 et seq. .