Section 612.10 - Membership(1) CREATION AND DURATION OF MEMBERSHIP. Each policyholder is a member of the town mutual and has all the rights and duties of a member during the time his or her policy is in effect. The articles or bylaws may establish rules determining which of multiple policyholders on the same policy shall exercise voting rights or how such multiple policyholders may divide voting rights among them.(2) MORTGAGEE NOT A MEMBER. A person having rights merely by reason of a mortgagee clause included in or attached to a policy does not thereby become a member.1973 c. 22; 1979 c. 102 s. 236 (13).