- (1) A person may not become a member of a farm mutual insurer except by insuring property owned by the person insurable under this chapter.
- (2) The membership of an insurer consists of the persons lawfully insuring in the insurer.
- (3) The total membership of the insurer must at all times be not less than the number of persons required by 33-4-201 to incorporate an insurer.
History: En. Sec. 487, Ch. 286, L. 1959; R.C.M. 1947, 40-4820; amd. Sec. 1153, Ch. 56, L. 2009.