Insurance Code section 11543

Unless otherwise provided in the plan of conversion, the directors and officers of the mutual company shall serve as directors and officers of the converted company until new directors and officers have been duly elected and qualified pursuant to the articles of incorporation and bylaws of the stock company.

Source: Section 11543, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=11543. (accessed May 12, 2025).

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Last Updated

May 12, 2025

§ 11543’s source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_11543

Original Source: Section 11543, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=11543. (last accessed May 12, 2025).