State Mutual Rodded Fire Insurance v. Randall

The plaintiff company was organized under Act No. 262, Pub. Acts 1895 (2 Comp. Laws 1915, § 9586 et seq.), and reorganized under Act No. 256, Pub. Acts 1917 (Comp. Laws Supp. 1922, § 9100 et seq.). Section 2 of chapter 1 of part 2 of the act provides, in the ninth subdivision (§ 9100 [46]), that mutual companies must set forth in their articles of association "in what manner assessments, premiums or payments are to be required from the members." The articles must be executed in triplicate and on forms provided by the commissioner of insurance, and, before filing, must have indorsed thereon a…