Section 12:1853 - Authorization; requirements; regulationA. Two or more churches or nonprofit religious organizations or one or more religious denominations may agree to pool their liabilities for the purposes of providing property coverage for their buildings and properties, so long as they have a positive net worth, are financially solvent, and are capable of assuming the obligations set forth in this Chapter.B. The department shall promulgate necessary rules in accordance with the Administrative Procedure Act to implement and regulate the activities authorized in this Chapter.La. Corporations and Associations § 12:1853
Added by Acts 2023, No. 259, §§1, 3A, eff. June 12, 2023.