§431:4-313 Directors. (a) No individual shall be a director of a domestic mutual insurer by reason of the individual's holding public office (i.e. ex officio).
(b) An individual is disqualified from being or acting as a director if such person:
(1) Is adjudged as a bankrupt;
(2) Took the benefit of any insolvency law; or
(3) Made a general assignment for the benefit of creditors. [L 1987, c 347, pt of §2]
Section: Previous 431-4-306 431-4-307 431-4-308 431-4-309 431-4-310 431-4-311 431-4-312 431-4-313 431-4-314 431-4-315 431-4-316 431-4-317 431-4-318 431-4-319 431-4-320 NextLast modified: October 27, 2016