§ 24–303
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 24-303 (2026)
Title 24. State Created Mutual Societies and Other Entities
Subtitle 3. Chesapeake Employers' Insurance Company
§ 24–303LinkCopy Citation
(a)
There is a Chesapeake Employers’ Insurance Company.
(b)
The Company shall be:
(1)
a private, nonprofit, nonstock corporation organized under State law; and
(2)
subject to the applicable provisions of the Corporations and Associations Article as a nonstock corporation.
(c)
Before October 1, 2013, the Company shall:
(1)
file articles of incorporation under the Corporations and Associations Article; and
(2)
take all steps necessary to be a private, nonprofit, nonstock corporation organized under State law.