26.1-16-08. Deposit maintained by society

26.1-16-08. Deposit maintained by society Before the commissioner may issue a certificate of authority to a benevolent society, the commissioner shall ascertain that the deposit required by section 26.1-16-07 has been made. The society shall maintain the deposit until the membership of the society reaches one thousand. Thereafter, the deposit maintained with the commissioner must be equal in amount to at least twenty-five cents per member in good standing.