Me. Stat. tit. 24-A § 3625

Current through 131st (2023-2024) Legislature Chapter 684

Section 3625 - Directors' residence, compensation

1. A majority of the board of directors of the insurer shall be residents of, and actually reside in, this State.

[1969, c. 132, §1(NEW).]

2. The salary or compensation for services of the directors of the insurer shall be fixed by the policyholders at their annual meeting.

[1969, c. 132, §1(NEW).]

24-A M.R.S. § 3625

1969, c. 132, § 1 (NEW) .