North Dakota § 26.1-09-02 Domestic corporations have right to exchange contracts

North Dakota Statutes

§ 26.1-09-02 — Domestic corporations have right to exchange contracts

North Dakota·Title 26.1 Insurance·Ch. 26.1-09 Reciprocal or Interinsurance Exchanges

Any domestic corporation, in addition to the rights, powers, and franchises specified in its
articles of incorporation, as a subscriber, may exchange insurance contracts of the kind and
character mentioned in this chapter. The right to exchange the contracts is incidental to the
purposes for which the corporation was organized and is granted as fully as the rights and
powers expressly conferred upon the corporation.

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Any domestic corporation, in addition to the rights, powers, and franchises specified in its
articles of incorporation, as a subscriber, may exchange insurance contracts of the kind and
character mentioned in this chapter. The right to exchange the contracts is incidental to the
purposes for which the corporation was organized and is granted as fully as the rights and
powers expressly conferred upon the corporation.

North Dakota § 26.1-09-02 (Domestic corporations have right to exchange contracts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.