S.P. 540 - L.D. 1602
An Act to Expand Term Limits of Maine Employers' Mutual Insurance Company Directors
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 24-A MRSA §3703, sub-§6, as amended by PL 1997, c. 661, §6, is further amended to read:
6. Terms. A full term on the board of directors is 3 years. An individual may not serve more than 2 3 consecutive full terms as a director, except for the president and chief executive officer. All members shall serve for the terms provided and until their successors are appointed or elected and qualified.
Effective September 18, 1999, unless otherwise indicated.
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