58-35-7. Declaration of intent to incorporate, filing--Proposed articles of incorporation, execution.
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/sd/title-58/chapter-58-35/58-35-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The individuals proposing to form a farm mutual insurer as referred to in § 58-35-5 or 58-35-6 shall file with the director:
(1)A declaration of their intention to form such a corporation signed by at least one hundred incorporators if a proposed state mutual insurer, or by at least twenty - five incorporators if a proposed county mutual insurer; and
(2)The original and two copies with original signatures of the proposed articles of incorporation signed by three or more of the incorporators and notarized.