512B.21A Required reserves.
39 words·~1 min read·
/ia/chapter-512b-fraternal-benefit-societies/512b-21a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A society incorporated on or after July 1, 1993, shall have in cash, or in securities which are authorized for investment purposes for insurance companies pursuant to section 512B.21, surplus in an amount not less than five million dollars.