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2016 Vermont Statutes
Title 8 - Banking and Insurance
Chapter 105 - Fire And Casualty Insurance
Subchapter 2: COOPERATIVE FIRE INSURANCE CORPORATIONS
§ 3911 Incorporators

8 V.S.A. § 3911 What's This?

§ 3911. Incorporators

Sixty or more persons residing in the State of Vermont who shall each own in good faith real estate of not less than $20,000.00 in value, and collectively own in good faith insurable real estate in the State of Vermont to the value of $1,200,000.00 or more, may apply to become a cooperative insurance corporation on filing with the Commissioner a declaration as hereinafter provided. (Amended 1981, No. 6, § 1.)

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