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).
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