KRS 304.24-210: Voting rights of mutual members.
Where this section sits in the code
(1) Each member of a mutual insurer is entitled to one (1) vote upon each matter
coming to a vote at meetings of members.
(2) A member shall have the right to vote in person or by his written proxy filed with
the corporate secretary not less than five (5) days prior to the meeting, and votes
may be cast as prescribed in Section 207 of the Constitution of this state. No such
proxy shall be made irrevocable, nor be valid beyond the earlier of the following
dates:
(a) The date of expiration set forth in the proxy; or
(b) The date of termination of membership.
(3) No member's vote upon any proposal to divest the insurer of its business or assets,
or the major part thereof, shall be registered or taken except in person or by proxy
newly executed and specified as to the matter to be voted upon.
Collected 2026-09-05T20:57:51Z. Source file · JSON