2015 Wyoming Code
SECTION 26-26-105. - Articles of incorporation; generally.

WY Stat § 26-26-105. (2015) What's This?

26-26-105. Articles of incorporation; generally.

(a) The individuals proposing to form a farm mutual insurer shall file the proposed articles of incorporation in quadruplicate with the commissioner.

(b) Upon receipt thereof, the commissioner shall forward the proposed articles of incorporation to the attorney general for examination. If the attorney general finds the articles to be in accordance with the law, he shall make a certificate of the facts and return it with the proposed articles to the commissioner.

(c) If the attorney general approves the proposed articles of incorporation, the commissioner shall also endorse his approval upon each set of the articles and return them to the incorporators. The incorporators shall file one (1) set of articles with the secretary of state, one (1) set with the commissioner bearing the certification of the secretary of state and one (1) set with the county clerk of the county wherein the insurer's principal place of business is to be located. The remaining set of articles shall be made a part of the corporation's records.

(d) The corporation has legal existence upon approval of the articles by the attorney general and the commissioner and completion of the filings referred to in subsection (c) of this section, but it shall not transact business as an insurer until it fulfills the requirements for and obtains a certificate of authority as provided in W.S. 26-26-110.

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