380.111. School district's real and personal property may be insured--procedure for district to become member. - Missouri Statutes

School district's real and personal property may be insured--procedurefor district to become member.

380.111. All Missouri mutual insurance companies may acceptas members any school district of this state, and may insure thereal and personal property thereof as in the case of othermembers of the company. Any school district in this state may,by a two-thirds vote of the board of directors of the district,become a member of any Missouri mutual insurance company, and mayinsure the real and personal property of the school district inthe company as in the case of other members thereof, and may, outof the incidental funds of the district, pay for such insuranceand for all assessments lawfully made by the company as in thecase of other members of the company.

(L. 1984 H.B. 1498)

Effective 1-1-85