Sec. 964.104. ATTORNEY IN FACT REQUIREMENTS. The attorney in fact of a captive exchange must: (1) be: (A) a corporation organized in this state; or (B) a limited liability company organized in this state; (2) on the date of the captive exchange's formation, have and maintain a power of attorney with all subscribers of the captive exchange; (3) have its principal office in this state; and (4) have at least three members in the governing body of the attorney in fact, and at least one of those members must be a resident of this state.
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