40-19a03. Membership of corporation; participating agreements from dentists; board of directors.
40-19a03
40-19a03. Membership of corporation; participating agreements fromdentists; board of directors.The membership of a nonprofit dental service corporation organized underthis act shall be comprised of the dentists who have executed participatingagreements with the corporation: Provided, however, That no suchcorporation shall be issued a certificate of authority to engage inbusiness until it shall have demonstrated, to the satisfaction of thecommissioner of insurance that it has obtained participating agreementsfrom at least fifty percent (50%) of the dentists licensed to practice, andengaged in practice, in the state of Kansas. The affairs of the corporationshall be managed by a board of directors comprised of ten (10) members,four (4) of whom shall be elected from among the corporations'participating dentists and six (6) of whom shall be appointed from amongthe general public of the state of Kansas. With respect to the publicmembers of the board, two (2) shall be appointed by the governor of thestate of Kansas and the remainder by the commissioner of insurance. Theterms of office of all directors shall be as defined in the bylaws of thecorporation. The directors shall take the oath of office as in othercorporations and duplicates of such subscribed oaths shall be forwarded tothe commissioner of insurance for filing in his office. The bylaws shallspecify the number of directors necessary to constitute a quorum whichshall be not less than one more than one-half of the number of directors.
History: L. 1972, ch. 174, § 3; July 1.