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Current as of January 01, 2024 | Updated by Findlaw Staff
Any member of a county mutual insurance company may withdraw from membership at any time while the company continues to transact the business for which the company was organized if, by withdrawal, the number of members remaining in the company will not be reduced below the original number of incorporators, or the assets of the company will not be reduced below the amount at the time of incorporation. In order to withdraw, a member shall surrender the policy for cancellation and give written notice of withdrawal to the secretary or designated employee of the company.
Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-13-29. Withdrawal from membership - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-13-29/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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