31A-9-405. Board of directors.
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31A-9-405. Board of directors.
(1)Sections 16-6a-801 and 16-6a-802 apply to fraternals, except that the supreme governing body may act as the board of directors if it meets at least quarterly. Subsections 31A-5-407(2) through
(9)apply to fraternals, except that the word "mutual" shall be read "fraternal" and the references to other sections of Chapter 5, Domestic Stock and Mutual Insurance Corporations , shall be to the corresponding sections of Chapter 9, Insurance Fraternals .
(2)The terms of directors and officers may not exceed four years.
Amended by Chapter 300 , 2000 General Session