Okla. Stat. tit. 36, § 36-2114
This is the official text of Okla. Stat. tit. 36, § 36-2114, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Quorum, members of mutual
Official statutory text
A domestic mutual insurer may in its bylaws adopt a reasonable
provision for determining a quorum of members at any meeting
thereof, but no provisions recognizing a quorum of fewer than a
simple majority of all the insurer's members present either in
person or by proxy shall be effective unless approved as reasonable
by the Insurance Commissioner. This section shall not affect any
other provision of law requiring vote of a larger percentage of
members for a specified purpose.
provision for determining a quorum of members at any meeting
thereof, but no provisions recognizing a quorum of fewer than a
simple majority of all the insurer's members present either in
person or by proxy shall be effective unless approved as reasonable
by the Insurance Commissioner. This section shall not affect any
other provision of law requiring vote of a larger percentage of
members for a specified purpose.
Status: in_force · Read it on the official government site
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