North Dakota § 26.1-16-08 Deposit maintained by society

North Dakota Statutes

§ 26.1-16-08 — Deposit maintained by society

North Dakota·Title 26.1 Insurance·Ch. 26.1-16 Benevolent Societies

Before the commissioner may issue a certificate of authority to a benevolent society, the
commissioner shall ascertain that the deposit required by section 26.1-16-07 has been made.
The society shall maintain the deposit until the membership of the society reaches one
thousand. Thereafter, the deposit maintained with the commissioner must be equal in amount to
at least twenty-five cents per member in good standing.

Free access — add to your briefcase to read the full text and ask questions with AI

Before the commissioner may issue a certificate of authority to a benevolent society, the
commissioner shall ascertain that the deposit required by section 26.1-16-07 has been made.
The society shall maintain the deposit until the membership of the society reaches one
thousand. Thereafter, the deposit maintained with the commissioner must be equal in amount to
at least twenty-five cents per member in good standing.

North Dakota § 26.1-16-08 (Deposit maintained by society) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.