Associations existing as of January 1, 1960

Any company or association lawfully organized and existing and lawfully doing business and insuring property as a farmers' mutual aid association or company as of January 1, 1960, is not required to reorganize or comply with the provisions of this chapter applicable to organization of a farmers' mutual aid association or company. Acts 1959, No. 148, § 580; A.S.A. 1947, § 66-4602; Acts 1997, No. 774, § 1. Any company or association lawfully organized and existing and lawfully doing business and insuring property as a farmers' mutual aid association or company as of January 1, 1960, is not required to reorganize or comply with the provisions of this chapter applicable to organization of a farmers' mutual aid association or company. Acts 1959, No. 148, § 580; A.S.A. 1947, § 66-4602; Acts 1997, No. 774, § 1.