Statutes, codes, and regulations
Code of Laws of South Carolina 1976
Title 38 - INSURANCEChapter 19 - DOMESTIC MUTUAL INSURERS
Article 1 - MEMBERS AND MEETINGS
Section 38-19-60 - Quorum for conduct of business at annual meeting; form and approval of voting proxies

S.C. Code § 38-19-60

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Current through 2024 Act No. 225.
Section 38-19-60 - Quorum for conduct of business at annual meeting; form and approval of voting proxies

At any annual meeting of a domestic mutual insurer all business including the election of directors must be conducted pursuant to majority vote of those members present and voting either in person or by proxy of nonpresent members as provided in Section 38-19-50. No other quorum requirements may limit the conduct of this business.

S.C. Code § 38-19-60

1988 Act No. 334, Section 5; 1976 Act No. 533] recodified as 38-19-60 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-11-260 [1962 Code Section 37-375.1; 1976 Act No. 666] recodified as Section 38-31-60 by 1987 Act No. 155, Section 1; 1971 (57) 1001; Former 1976 Code Section 38-19-60 [1962 Code Section 37-825.