17:45A-1.Ā  Mutual benefit association defined
As used herein,Ā  "mutual benefit association"Ā  means a mutual benefit association heretofore or hereafter organized under any law of this State whichĀ  (a) has transacted business in this State for not less than 10 years; (b) isĀ  subject to the provisions of chapter 45 of Title 17 of the Revised Statutes asĀ  amended and supplemented;Ā  and (c) possesses a subsisting certificate ofĀ  authority to transact business as a mutual benefit association issued by theĀ  Commissioner of Banking and Insurance.

L.1955, c. 230, p. 889, s. 1.
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