Insurance Code § 11124

ARTICLE 7. Financial Matters

Current as of September 28, 2026Ins. Code, § 11124Official source ↗

Added by Stats. 1951, Ch. 1193.

Unless otherwise provided in the contracts of the members, such funds shall be held, invested, and disbursed for the use and benefit of the society, and no member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment thereof.