If action is to be taken with respect to the election of directors, the proxy statement shall furnish the following information in tabular form, to the extent practicable, with respect to each person nominated for election as a director and to each person whose term of office as a director will continue after the meeting:

(1) The name of the person, the date when his term of office or the term of office for which he is a nominee will expire, a statement of all other positions and offices with the insurer presently held by him, and a statement of which persons are nominees for election as directors at the meeting;

(2) A statement of the person's principal occupation or employment and the name and principal business of any corporation or other organization in which that employment is carried on, and a statement containing similar information as to all of his principal occupations or employers during the last 5 years, unless he is now a director and was elected to his present term of office by a vote of stockholders at a meeting for which proxies were solicited pursuant to this sub-chapter;

(3) If he is or has been a director of the insurer, a statement of the period or periods during which he served; and

(4) A statement, as of the most recent practicable date, of the approximate amount of each class of stock of the insurer or any of its parents, subsidiaries, or affiliates other than directors' qualifying shares, beneficially owned directly or indirectly by him, or, if he is not the beneficial owner of any of those stocks, a statement to that effect.

History: Sec. 33-3-447 MCA; IMP, Sec. 33-3-447 MCA; EMERG, NEW, Eff. 5/5/75.