§ 58-15-50. Contracts and property.
51 words·~1 min read·
/nc/chapter-58/58-15-50A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 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.)