Directors.

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(1) The property and lawful business of every such corporation subject to the provisions of part 1 of this article and this part 3 shall be held and managed by a board of trustees or directors with such powers and authority as shall be necessary or incidental to the complete execution of the purposes of each such corporation as limited by its articles or the bylaws. No such board shall be composed of less than ten nor more than twenty-four members. Every such corporation with annual gross subscription income exceeding one million dollars shall have a majority of its board consisting of persons who are not:

  1. Members of the medical or nursing profession; or

  2. Employed by a hospital or clinic or employed by a corporation subject to part 1 ofthis article and to this part 3; or

  3. Otherwise directly or indirectly connected with hospitals or licensed health care institutions or purveyors of health services in this state.

  1. It is the duty of all members of a board of trustees or directors to represent theinterests of the subscribers or members of health service plans of such corporation.

  2. Any such corporation subject to the provisions of part 1 of this article and this part 3 shall keep correct and complete books and records of account and shall keep minutes of the proceedings of its board of trustees or directors and committees having authority of the board of trustees, and shall keep at its registered office or principal office in this state a record of the names and addresses of its subscribers or members of the health service plans of such corporation. All books and records, excluding privileged medical records and personal records of subscribers or members, of such corporation may be inspected by any subscriber, or his agent or attorney at the registered or principal office of the corporation, for any proper purpose at any reasonable time.

Source: L. 92: Entire article R&RE, p. 1683, § 1, effective July 1.

Editor's note: This section is similar to former § 10-16-106 as it existed prior to 1992.


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