Section 67A.37 Termination of Membership - Minnesota Statutes

67A.37 TERMINATION OF MEMBERSHIP.

Subdivision 1.By member.

Membership may be terminated at any time by giving written notice to the secretary and paying the withdrawing members' share of all existing claims.

Subd. 2.By company.

Membership may also be terminated by the annulment of any policy by a majority of the directors and written notice thereof to the holder.

Subd. 3.Record.

In either case the secretary shall record the same in a separate book.

History:

1967 c 395 art 8 s 37