Subdivision 1. Date and fiscal year. The annual meeting of every such company shall be held before July first in each year, and the fiscal year of the company shall be from the first day of January through the thirty-first day of the following December.
Subd. 2. Annual report. A full report of the business of the company for the previous fiscal year shall be presented at the annual meeting.
Subd. 3. Annual statement. (a) On or before March first, following the end of each fiscal year, the president and the secretary shall file with the commissioner a verified statement of the entire business and condition of the company, which statement shall contain such data and information in reference to the business of the preceding fiscal year as shall be required by the commissioner.
(b) On or before March 1 of each year, the president and secretary shall also file with the commissioner of revenue a copy of the verified statement required by paragraph (a). Failure to file the statement on or before March 1 will subject the company to a penalty of $10 a day up to a maximum of $200.
Subd. 4. Other statements may be required by commissioner. The commissioner may at other times require any further statement that the commissioner may deem necessary to be made relating to the business of the company.
Subd. 5. Fees. Fees to be paid as listed in section 60A.14.
1967 c 395 art 8 s 11; 1975 c 15 s 7,8; 1977 c 244 s 1; 1986 c 444; 1987 c 268 art 2 s 18; 1987 c 329 s 21
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 67A — Township Mutual Companies
Section 67A.01 — Number Of Members Required, Property And Territory.
Section 67A.02 — Certificate Of Incorporation.
Section 67A.03 — Corporate Existence.
Section 67A.04 — Amendments To Certificate Of Incorporation.
Section 67A.06 — Powers Of Corporation.
Section 67A.07 — Principal Office.
Section 67A.08 — Board Of Directors.
Section 67A.10 — Rights Of Certain Members.
Section 67A.11 — Annual Meeting.
Section 67A.12 — Applications.
Section 67A.13 — Types Of Insurance Authorized.
Section 67A.14 — Insurable Property.
Section 67A.15 — Classification Of Property.
Section 67A.161 — Appraisal Of Disputed Losses.
Section 67A.175 — Surplus Requirements.
Section 67A.191 — Combination Policies.
Section 67A.21 — Consolidation, Merger.
Section 67A.231 — Deposit Of Funds; Investment; Limitations.
Section 67A.241 — Record Keeping; Examination; Remedies.
Section 67A.25 — Reference To Laws 1909, Chapter 411.
Section 67A.40 — Organization And Powers.
Section 67A.41 — Premiums And Assessments.
Section 67A.42 — Withdrawal By Members.