§ 26.1-12-15 — Corporations, limited liability companies, associations, boards, and estates may become member of mutual insurance company - Rights and liabilities

estates may become member of mutual insurance company - Rights and liabilities.
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.