The affairs of a company organized as provided by this chapter shall be managed by a number of directors, of not less than five nor more than twenty-one, all of whom, in case of a stock company, shall be stockholders, or, in case of a mutual company, be policyholders, or before the company shall effect insurance, be subscribers for stock or for insurance as the case may be.
[C73, § 1126; C97, § 1695; C24, 27, 31, 35, 39, § 8918; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.26]
91 Acts, ch 213, §25
Previous Section 515.25
Next Section 515.27
© 1999 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 18 15:00:31 CST 1999
URL: /DOCS/IACODE/1999/515/26.html
jhf