1. Any public or private corporation, board or association in this state or elsewhere
may make applications, enter into agreements for and hold policies in any such mutual
2. Any officer, stockholder, trustee or legal representative of any such corporation,
board, association or estate may be recognized as acting for or on its behalf for
the purpose of such membership, but shall not be personally liable upon such contract
of insurance by reason of acting in such representative capacity.
3. The right of any corporation organized under the laws of this state to participate
as a member of any such mutual insurance company is hereby declared to be incidental
to the purpose for which such corporation is organized and as much granted as the
rights and powers expressly conferred.
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