§ 375.4. Board of directors
Oklahoma Statutes AnnotatedTitle 85. Workers' CompensationEffective: [See Text Amendments] to October 31, 2022
Effective: [See Text Amendments] to October 31, 2022
85 Okl.St.Ann. § 375.4
§ 375.4. Board of directors
B. Other than the Chief Executive Officer of the Company, the Lieutenant Governor or a designee, and the State Auditor and Inspector or a designee, the members of the Board of Directors shall serve staggered six-year terms expiring July 1. An appointed or elected Director whose term has expired shall continue to serve until the Director's replacement is elected by the policyholders or appointed by the appointing authority, or until such time as the Director is reelected or reappointed, as applicable. If the Lieutenant Governor or State Auditor and Inspector selects a designee, that designee shall continue to serve until the Lieutenant Governor or State Auditor and Inspector replaces the designee or assumes the position on the Company's Board of Directors.
C. If an appointed Director's position becomes vacant, the officer who appointed the outgoing Director in subsection A of this section shall appoint a new Director to the Board. A vacancy in the elected Directors shall be filled as provided by the Company's bylaws. If a vacancy occurs before the date on which the vacating Director's term is set to expire, the successor Director shall be elected or appointed for a term to expire on the same date as the vacating Director's term.
Credits
Laws 2013, c. 254, § 4.
85 Okl. St. Ann. § 375.4, OK ST T. 85 § 375.4
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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