Minnesota § 64B.29 FOREIGN OR ALIEN SOCIETY; ADMISSION

Minnesota Statutes

§ 64B.29 — FOREIGN OR ALIEN SOCIETY; ADMISSION

Minnesota § 64B.29

PartINSURANCE

Ch. 64BFRATERNAL BENEFIT SOCIETIES

This text of Minnesota § 64B.29 (FOREIGN OR ALIEN SOCIETY; ADMISSION) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 64B.29 (2026).

Text

No foreign or alien society shall transact business in this state without a license issued by the commissioner. Any society desiring admission to this state shall comply substantially with the requirements and limitations of this chapter applicable to domestic societies. A society may be licensed to transact business in this state upon filing with the commissioner:

(1)a duly certified copy of its articles of incorporation;

(2)a copy of its bylaws, certified by its secretary or corresponding officer;

(3)a power of attorney to the commissioner as prescribed in section64B.35;

(4)a statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the commissioner, duly verified by an examination made by the supervising insurance official

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No foreign or alien society shall transact business in this state without a license issued by the commissioner. Any society desiring admission to this state shall comply substantially with the requirements and limitations of this chapter applicable to domestic societies. A society may be licensed to transact business in this state upon filing with the commissioner:
(1) a duly certified copy of its articles of incorporation;
(2) a copy of its bylaws, certified by its secretary or corresponding officer;
(3) a power of attorney to the commissioner as prescribed in section64B.35;
(4) a statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the commissioner, duly verified by an examination made by the supervising insurance official of its home state or other state, territory, province, or country, satisfactory to the commissioner of this state;
(5) certification from the proper official of its home state, territory, province, or country that the society is legally incorporated and licensed to transact business therein;
(6) copies of its certificate forms;
(7) such other information as the commissioner may deem necessary and upon a showing that its assets are invested in accordance with the provisions of this chapter.