When a domestic stock life insurance corporation has become converted into a mutual life insurance corporation, the officers and directors or trustees of the original corporation shall remain as the officers and directors or trustees of the newly converted corporation until the next annual meeting for the election of officers and directors or trustees, when their successors shall be elected in the manner provided in the articles of incorporation and articles of agreement previously adopted by said corporation.
Mo. Rev. Stat. § 376.145
Officers of stock company to continue as officers of mutual
Known as the Standard Valuation Law
The act spans §§ 376–376 (408 sections).
Effective: 28 Aug 1957; (L. 1957 p. 224 § 5)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.