Alaska Statutes.
Title 21. Insurance
Chapter 69. Organization and Corporate Procedures
Section 300. Bylaws of Stock Insurer.
previous: Section 290. Bylaws of Mutual.
next: Section 310. Meetings of Stockholders or Members.

AS 21.69.300. Bylaws of Stock Insurer.

A bylaw adopted at a meeting of stockholders of a domestic insurer may not be modified or revoked except by the stockholders at a subsequent meeting unless the bylaw as adopted or amended by the stockholders grants authority to the board of directors to revoke or modify bylaw provisions; but the board of directors may not revoke or modify a bylaw relating to the qualifications, election, terms, or compensation of directors, or to the calling or notice of meetings of stockholders. A revocation or modification of bylaws made by the directors under this provision shall be presented at the next meeting of stockholders for the information of the stockholders.

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