§ 38.2-1222. Subscribers' advisory committee
The advisory committee exercising the subscribers' rights in a domestic reciprocal shall be selected under rules adopted by the subscribers. At least three-fourths of the committee shall be composed of subscribers other than the attorney or any person employed by, representing, or having a financial interest in the attorney. The committee shall supervise the finances of the reciprocal and the reciprocal's operations to the extent required to assure their conformity with the subscriber's agreement and power of attorney and shall exercise any other powers conferred on it by the subscriber's agreement. The committee may also be referred to as a board of directors or a board of trustees or by such other name as the committee chooses.
(1952, c. 317, § 38.1-712; 1986, c. 562; 1990, c. 10.)
Sections: Previous 38.2-1215 38.2-1216 38.2-1217 38.2-1218 38.2-1219 38.2-1220 38.2-1221 38.2-1222 38.2-1223 38.2-1224 38.2-1225 38.2-1226 38.2-1227 38.2-1228 38.2-1229 NextLast modified: April 3, 2009