TITLE 41

INSURANCE

CHAPTER 41

JOINT PUBLIC AGENCY SELF-FUNDED HEALTH CARE PLANS

41-4107.  Trust fund — Powers. In addition to the inherent applicable powers of its public agency members and those of a joint powers entity, the trust fund of a joint public agency self-funded plan shall have power:

(1)  To have and use an appropriate descriptive name;

(2)  To sue and be sued in its own name;

(3)  To contract in its own name. All such contracts in writing shall be signed by the chairman of the board or his or her designee;

(4)  To borrow money and give security therefor; and

(5)  To engage exclusively in transactions authorized or required by this chapter, or reasonably incidental thereto.

History:

[41-4107, added 2006, ch. 415, sec. 1, p. 1274.]