TITLE 41

INSURANCE

CHAPTER 31

COUNTY MUTUAL INSURERS

41-3117.  Amendment of articles of incorporation. (1) The articles of incorporation of such an insurer may be amended in any lawful respect by approval by its board of directors by affirmative vote of at least two-thirds (2/3) of all its directors and by adoption thereafter by affirmative vote of not less than two-thirds (2/3) of the insurer’s members present or represented by proxy at any meeting of members, at which a quorum as required by the insurer’s constitution or by-laws was present, and if the notice of such meeting contained notice of the proposed amendment.

(2)  An amendment so adopted shall be filed in accordance with the applicable provisions of section 41-2827(2); except that the fee for the filing of the amendment with the director shall be as provided in section 41-3118, Idaho Code. The filing fee shall not be subject to refund.

History:

[41-3117, added 1961, ch. 330, sec. 675, p. 645; am. 1984, ch. 23, sec. 4, p. 40.]