§ 58-15-50. Contracts and property.
§58‑15‑50. Contracts and property.
A reciprocal may enter intocontracts and acquire, hold title to, and convey property in its businessname. All contracts of a reciprocal, including its insurance contracts, shallbe executed on behalf of the reciprocal by the attorney of the reciprocal. (1989,c. 425, s. 1.)