143(1)After insurance has been subscribed by fifty or more subscribers to an amount not less than one hundred thousand dollars, the promoters through their chairman may call an organization meeting of the subscribers to consider the advisability of applying for the incorporation of a mutual fire insurance company under this Part, and to do such other business as may be necessary.

143(2)Notice stating the object and the time and place of such meeting shall be mailed to each subscriber and to the Superintendent at least ten days before the date of meeting.

143(3)The Superintendent may call such organization meeting if the promoters fail to do so within a time considered reasonable by the Superintendent.

143(4)The presence of not less than twenty subscribers is necessary to constitute a valid meeting.

143(1)After insurance has been subscribed by fifty or more subscribers to an amount not less than one hundred thousand dollars, the promoters through their chairman may call an organization meeting of the subscribers to consider the advisability of applying for the incorporation of a mutual fire insurance company under this Part, and to do such other business as may be necessary.

143(2)Notice stating the object and the time and place of such meeting shall be mailed to each subscriber and to the Superintendent at least ten days before the date of meeting.

143(3)The Superintendent may call such organization meeting if the promoters fail to do so within a time considered reasonable by the Superintendent.

143(4)The presence of not less than twenty subscribers is necessary to constitute a valid meeting.