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North Dakota · Through 2026-07-31T11:12:02 · Newer source version available

N.D. Cent. Code § 26.1-12-15: Corporations, limited liability companies, associations, boards, and estates may become member of mutual insurance company - Rights and liabilities

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Where this section sits in the code
  1. Title 26.1 Insurance
  2. Chapter 26.1-12 Incorporated Mutual Insurance Companies

Any public or private corporation, limited liability company, board, or association in this state or elsewhere may make applications and enter into agreements for, and hold, policies in any mutual insurance company organized under this chapter. Any officer, stockholder, trustee, manager, member, governor, or legal representative of the corporation, limited liability company, board, association, or the representative of an estate may be recognized as acting for or on its behalf for the purpose of the membership but is not liable personally upon the insurance contract by reason of acting in the representative capacity. The right of any corporation or limited liability company organized under the laws of this state to participate as a member of any mutual insurance company is declared to be incidental to the purpose for which the corporation or limited liability company is organized and granted as fully as the rights and powers expressly conferred upon it.

Collected 2026-09-02T21:04:14Z. Source file · JSON

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