Section 58-5-6 - Incorporators--Number and qualifications

58-5-6. Incorporators--Number and qualifications.Five or more individuals may incorporate as a stock insurer; ten or more individuals may incorporate as a mutual insurer. The incorporators shall be citizens of the United States, at least twenty-one years of age, and a majority of the incorporators shall be residents of this state. Source: SL 1966, ch 111, ch 16, §6 (2).