California Insurance Code ARTICLE 2 - Execution of Plan

• Section 11529.
  In carrying out any such plan, the insurer may acquire any shares of its own stock by gift, bequest or purchase. Any shares so acquired...
• Section 11529.5.
  Any such plan of mutualization may provide for the creation of a voting trust under a trust agreement for the holding and voting by three...
• Section 11530.
  Every payment for the acquisition of any shares of the capital stock of such insurer, the purchase price of which is not fixed by such...
• Section 11531.
  The trustees referred to in section 11529 shall file with such insurer and with the commissioner a verified acceptance of their appointments and verified declarations...
• Section 11532.
  Such insurer, after mutualization, shall be a continuation of the original insurer, and such mutualization shall not affect such insurer’s certificate of authority nor existing...
• Section 11532.1.
  An annual meeting of members shall be held at 10 o'clock in the morning of the fourth Tuesday of March of each year at the...
• Section 11532.2.
  Special meetings of the members, for any purpose or purposes whatsoever, may be called at any time by the president, or by the board of...
• Section 11532.3.
  Notice of all meetings of members whether annual or special shall be given in writing to the members entitled to vote by the secretary, or...
• Section 11532.4.
  The presence in person or by proxy of 5 per cent of the members entitled to vote at any meeting shall constitute a quorum for...
• Section 11532.5.
  Each such member shall have one vote at any meeting of members regardless of the number of policies or the amount of insurance that such...
• Section 11532.6.
  The directors of the insurer in office at the time the insurer is mutualized as provided in this chapter shall continue in office until the...
• Section 11532.7.
  The articles of incorporation or the bylaws may provide that the directors may be divided into two or more classes whose terms of office shall...
• Section 11532.8.
  All insurers mutualized under the provisions of this chapter shall be subject to all other applicable provisions of this code and to the provisions of...
• Section 11533.
  The provisions of Article 8 of Chapter 1 of Part 2 of Division 1 of this code shall not apply to any of the following:(a) Shares...

Last modified: October 22, 2018