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Statutes > Minnesota Laws > Chapters 59A - 79A Insurance > Chapter 67A Township Mutual Companies > Section 67A.39 Emergency Fund

STATE STATUTES & CODES

MINNESOTA STATUTES AND CODES

Section 67A.39 Emergency Fund

67A.39 EMERGENCY FUND.

The directors of any such company may collect, by advance assessment and maintain in its treasury an emergency fund, not exceeding two mills on a dollar of the total amount of insurance in force, to be used in payment of losses and for other purposes for which assessments may be used.

History:

1967 c 395 art 8 s 39

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