{"data":{"id":"us-mt/33-3-305","jurisdiction":"us-mt","citation":"33-3-305","heading":"Directors -- number and election.","body":"(1) The affairs of every domestic insurer must be managed by the number of directors fixed in the insurer's bylaws, which may not be less than 5 or more than 21 directors.\n(2) Directors must be elected by the members or stockholders of a domestic insurer, except as provided in 33-3-306, at the time and place and for the terms, not exceeding 3 years, as may be provided in the insurer's bylaws. A majority of directors must be elected from the members or stockholders of the domestic insurer.\n(3) The term of a director shall extend until a successor has been elected and has qualified.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 3. DOMESTIC STOCK AND MUTUAL INSURERS","Part 3. Management"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0030/part_0030/section_0050/0330-0030-0030-0050.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:20Z","sha256":"05d55e383aafe679506ce18f1df6f805f8d9055320c2647fee4db617263331e1","source_id":"us-mt","stale":false,"prev":"us-mt/33-3-304","next":"us-mt/33-3-306"},"notice":"GroundRules: Original legal text. Not legal advice."}