Section 1210. By-laws of domestic stock life insurance companies

Latest version.

No by-law
  or amendment or repeal of a by-law of any domestic stock life  insurance
  company  shall  be  effective  until approved by the superintendent. The
  superintendent may refuse such approval if he finds that such by-law  or
  amendment or repeal does not conform with the requirements of law, or is
  not  equitable  to  the company's policyholders, or is inconsistent with
  the objects and purposes of such company.

                    
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