Louisiana § RS 22:120 - Elections of officers and directors
Full text of Louisiana Louisiana Civil Code § RS 22:120 — Elections of officers and directors, with citation guidance and answers to common questions.
§ RS 22:120. Elections of officers and directors
Election of officers and directors shall be made in the manner specified in the charter or bylaws of the insurer, provided that:
(1) Each policyholder shall be entitled to one vote in accordance with the provisions of R.S. 22:119;
(2) At least a majority of the directors shall be policyholders of the insurer;
(3) Each director, before being qualified to act, shall file with the secretary of the company a written acceptance of his trust;
(4) Vacancies in the board of directors are to be filled by the directors or the policyholders as the charter or bylaws of the insurer may provide;
(5) Directors may call special meetings of the policyholders whenever they deem it proper and must call such a meeting upon the written application of the owners of one-tenth of the amount of insurance in force as of the preceding December thirty-first report of the insurer;
(6) The board of directors shall meet at least six times a year and as often as may be required in the bylaws of the company;
(7) The directors shall annually elect a president, who shall be a member of the board, a secretary, and such other officers as the charter or bylaws may provide. However, the directors of a risk retention insurer to which the laws of this Subpart apply shall annually elect from the nonpolicy holder directors a president, a secretary, and such other officers as the charter or bylaws may provide.
Acts 1958, No. 125. Amended by Acts 1964, No. 134, §1; Acts 1989, No. 689, §1; Redesignated from R.S. 22:128 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 22:120
What does Louisiana Civil Code § RS 22:120 cover?
Section RS 22:120 ("Elections of officers and directors") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 22:120?
A common citation format is "Louisiana Civil Code § RS 22:120" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 22:120 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.