§ 27-8-1-1 — Authority to incorporate

Any number of persons not less than five (5) nor
more than thirteen (13), citizens of the United States, one (1) or more
of whom shall be bona fide citizens and voters of this state, may
associate themselves together as a body corporate for the purpose of
organizing a corporation, association, or society to transact the business
of life insurance on the assessment plan, subject to the conditions and
restrictions provided in this chapter.
Formerly: Acts 1883, c.136, s.1. As amended by P.L.136-2018,
SEC.187.