Cal. Ins. Code § 11124

Current through the 2023 Legislative Session.
Section 11124 - Funds held, invested and disbursed for use of society

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.

Ca. Ins. Code § 11124

Added by Stats. 1951, Ch. 1193.