§435E-11 - Trust agreement, required.
PART II.
TRUST AGREEMENTS
§435E-11 Trust agreement, required.
(a) Each participating member shall enter into and, concurrently therewith,
receive an executed copy of a trust agreement, which shall govern the
collection and disposition of all funds of the interindemnity arrangement.
(b) The trust agreement shall, as a minimum,
provide for meeting all requirements of this part. [L 1977, c 182, pt of §1]