North Dakota Statutes
§ 26.1-12-05 — Legal existence - Adoption of bylaws - Transaction of business
The mutual insurance company has legal existence as of the date of the certificate. The
board of directors named in the articles thereafter may adopt bylaws which must be filed with
the commissioner, accept applications for insurance, and proceed to transact company
business. Insurance may not be put into force, however, until the company has been licensed to
transact an insurance business as provided by this chapter.
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North Dakota § 26.1-12-05 (Legal existence - Adoption of bylaws - Transaction of business) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 26.1-01-01
Commissioner defined§ 26.1-01-03
Duties of commissioner§ 26.1-01-03.1
Cease and desist authority - Hearing - Failure to appear§ 26.1-01-03.2
Injunctive authority§ 26.1-01-03.3
Penalty for violation of title§ 26.1-01-04
Service of process upon commissioner - Procedure§ 26.1-01-06
Reporting of statistical data regarding legal malpractice claims, settlements, and judgments§ 26.1-01-07
Fees chargeable by commissioner§ 26.1-01-07.1
Insurance regulatory trust fund established§ 26.1-01-07.2
Insurance regulatory trust fund investment§ 26.1-01-07.3
Cash flow financing