Board of directors approval.

45-03-21-03. Board of directors approval. A plan of conversion under this chapter must be adopted by no less than a majority of the board of directors of the converting insurer unless otherwise provided in the articles of incorporation or bylaws. History: Effective February 1, 2000. General Authority: NDCC 26.1-12-32 Law Implemented: NDCC 26.1-12-32