Articles of association

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  1. (a) Articles of association of any farmers' mutual aid company or association shall specify:

    1. (1) The name of the association or company;

    2. (2) The purposes for which formed;

    3. (3) The location of its principal or home office, which office shall be in this state;

    4. (4) The names and addresses of the members of its first board of directors who shall manage the association until the first meeting of the members;

    5. (5) The names, addresses, and places of residence of the organizers; and

    6. (6) Provisions relating to amendment of the articles, as provided in § 23-73-111.

  2. (b) The articles shall be executed in duplicate and filed with the Insurance Commissioner.


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