§ 1560.13
51 words·~1 min read·
/ca/insurance-code/1560-13A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless otherwise provided in the plan of conversion, the governing body and officers of the domestic reciprocal insurer shall serve as directors and officers of the converted insurer until new directors and officers have been duly elected and qualified pursuant to the articles of incorporation and bylaws of the stock company.