There is a newer version of the North Carolina General Statutes
2014 North Carolina General Statutes
Chapter 58 - Insurance.
Article 15 - Reciprocal Insurance.
§ 58-15-50 - Contracts and property.
NC Gen Stat § 58-15-50 (2014) What's This?
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.)
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