58-15-50. Contracts and property.
A reciprocal may enter into contracts and acquire, hold title to, and convey property in its business name. All contracts of a reciprocal, including its insurance contracts, shall be executed on behalf of the reciprocal by the attorney of the reciprocal. (1989, c. 425, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 15 - Reciprocal Insurance.
§ 58-15-10 - Kinds of insurance.
§ 58-15-15 - Risk limitations.
§ 58-15-20 - Eligible contracting persons.
§ 58-15-30 - License, surplus, and deposit requirements.
§ 58-15-35 - Continuation of business under prior requirements.
§ 58-15-40 - Certification of foreign and alien reciprocals.
§ 58-15-45 - Attorney's domicile.
§ 58-15-50 - Contracts and property.
§ 58-15-55 - Insurance producer license.
§ 58-15-60 - Subscribers' contingent liability.
§ 58-15-65 - Nonassessable policies.
§ 58-15-70 - Distribution to subscribers.
§ 58-15-85 - Service of process.
§ 58-15-90 - Legal proceedings.
§ 58-15-95 - Liability on judgments.
§ 58-15-100 - Declaration for license.
§ 58-15-105 - Attorney's bond.
§ 58-15-110 - Deposit in lieu of bond.
§ 58-15-115 - Advisory committee.
§ 58-15-120 - Subscriber's agreement and power of attorney.
§ 58-15-125 - Modification of subscriber's agreement and power of attorney.
§ 58-15-130 - Advance of funds.
§ 58-15-140 - Duration of liability for assessment.
§ 58-15-145 - Distribution of assets after liquidation.
§ 58-15-150 - Financial impairment; assessment; liquidation.