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6.6.1307    PROXY STATEMENTS--INDENTITY OF SOLICITORS AND COST OF SOLICITATION

(1) If a solicitation of a proxy is

made by the management of the insurer, the solicitation or proxy statement shall so state. It shall further state the name of any director of the insurer who has informed the management in writing that he intends to oppose any intended action by the management and shall indicate the intended action which is opposed.

(2) If the solicitation is made otherwise than by the management of the insurer, the solicitation or proxy statement shall state the names and addresses of the persons by whom and on whose behalf it is made and the names and addresses of the persons paying, directly or indirectly, the cost of the soli-citation.

(3) If the solicitation is to be made by specially engaged employees or paid solicitors, the solicitation or proxy statement shall state the material features of any contract or arrangement for the solicitation and shall identify the parties and the actual or anticipated cost of the solicitation.

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

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