C-39 - Act respecting certain mutual companies of insurance against fire, lightning and wind

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9. The owners of property insured as aforesaid shall be members of the mutual insurance company. They shall alone be responsible, in proportion to the amount for which each of their properties is insured, towards the company, for the amount of damage caused by fire, or by fire and lightning, or by fire, lightning and wind, as well as for all debts and obligations contracted by the said company.
R. S. 1964, c. 295, s. 48.