(a) Articles of association of any farmers' mutual aid company or association shall specify:
(1) The name of the association or company;
(2) The purposes for which formed;
(3) The location of its principal or home office, which office shall be in this state;
(4) The names and addresses of the members of its first board of directors who shall manage the association until the first meeting of the members;
(5) The names, addresses, and places of residence of the organizers; and
(6) Provisions relating to amendment of the articles, as provided in § 23-73-111.
(b) The articles shall be executed in duplicate and filed with the Insurance Commissioner.
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