SEC. 83-31-1. Formation.

Any number of persons not less than twenty, a majority of whom shall be bona fide residents of this state, by complying with the provisions of this chapter, may become, together with others who may hereafter be associated with them or their successors, a body corporate for the purpose of carrying on the business of mutual insurance as herein provided.

SOURCES: Codes, Hemingway's 1921 Supp. Sec. 5209a; 1930, Sec. 5269; 1942, Sec. 5783; Laws, 1918, ch. 157.

1997 Amendment

SECTION 14. Section 83-31-1, Mississippi Code of 1972, is amended as follows:

 83-31-1. Any number of persons not less than three (3), a majority of whom shall be bona fide residents of this state, by complying with the provisions of this chapter, may become, together with others who may hereafter be associated with them or their successors, a body corporate for the purpose of carrying on the business of mutual insurance as herein provided.

SOURCE:  1997 Laws, Chapter 410, Sec. 14, HB585, Effective July 1, 1997.