N.Y. ISC Law § 1215
This is the official text of N.Y. ISC Law § 1215, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.
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Forfeiture of office by director or trustee of a domestic mutual insurer
Official statutory text
§ 1215. Forfeiture of office by director or trustee of a domestic\nmutual insurer. The office of a trustee or director of any domestic\nmutual insurer shall immediately become vacant whenever he fails to\nattend at least one regular meeting of the board of trustees or\ndirectors in any period of eighteen consecutive months, or unless\nexcused by the board, which action shall be entered on the minutes, it\nshall appear at the end of any calendar year that he failed to attend at\nleast one-half of such regular meetings held in such calendar year. A\ntrustee or director whose office becomes so vacant shall not be eligible\nfor election to such office until one year has elapsed from the date the\nvacancy occurred.\n
Status: in_force · Read it on the official government site
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