376.145. Officers of stock company to continue as officers of mutual.
Officers of stock company to continue as officers of mutual.
376.145. When a domestic stock life insurance corporationhas become converted into a mutual life insurance corporation,the officers and directors or trustees of the originalcorporation shall remain as the officers and directors ortrustees of the newly converted corporation until the next annualmeeting for the election of officers and directors or trustees,when their successors shall be elected in the manner provided inthe articles of incorporation and articles of agreementpreviously adopted by said corporation.
(L. 1957 p. 224 § 5)