§431:10A-405 - Association; powers, process; examination.
§431:10A-405 Association; powers, process;examination. Any association formed for the purposes of this part may holdtitle to property, may enter into contracts, and may limit the liability of itsmembers to their respective pro rata shares of the liability of suchassociation. Any such association may sue and be sued in its associate nameand for such purpose only shall be treated as a domestic corporation. Serviceof process against the association, made upon a managing agent, any of itsmembers or any agent authorized by appointment to receive service of process,shall have the same force and effect as if the service had been made upon allmembers of the association. The association's books and records shall also besubject to examination under the provisions of article 2, either separately orconcurrently with examination of any of its member insurers. [L 1987, c 347, ptof §2]