WebMERCHANTS MUTUAL… Court: Appellate Division of the Supreme Court of New York, Third Department Date published: Apr 12, 1984 Citations 100 A.D.2d 318 (N.Y. App. Div. 1984) 475 N.Y.S.2d 517 Citing Cases St. Paul Fire & Marine Ins. v. RepWest Ins. Co. Web29 jan. 2024 · Mutual companies exist as a method of raising funds from their members to help provide a set of shared services to the individuals belonging to the mutual company. As there are no external stakeholders or shareholders, the mutual company is run for the strategic benefit of its sole members.
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