Execution of contracts by attorney-in-fact

40-1602. Execution of contracts by attorney-in-fact. Reciprocal insurance contracts may be executed by an attorney-in-fact, duly authorized and acting for the subscribers of a reciprocal, and such attorney-in-fact may be a corporation. The office or offices of such attorney-in-fact may be maintained at such place or places as may be designated by the subscribers in the power of attorney. History: L. 1927, ch. 231, 40-1602; L. 2000, ch. 170, § 18; July 1. Source or prior law: L. 1913, ch. 207, § 2; R.S. 1923, 40-1102.