All such existing corporations shall by amendment to their articles of incorporation, approved by the commissioner of insurance, provide for the nomination, election, or appointment of the directors or other persons by whom its affairs are to be conducted, in conformity with the provisions of section 523.5, and the articles of incorporation of all such corporations hereafter organized shall contain like provisions.
[S13, § 1821-w; C24, 27, 31, 35, 39, § 9129; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 523.6]
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