Va. Code § 38.2-4018

Current with changes from the 2024 legislative session through ch. 845

Section 38.2-4018 - Liability on officers and directors for failing to levy assessments

The officers or directors of any society who, after due proof of death has been filed, for sixty days refuse or neglect to levy an assessment to pay a claim not disputed by reason of fraud or validity when the death or emergency fund is insufficient to pay the claim, shall be liable to the beneficiary of the certificate. The liability of the officers or directors shall be for a sum not exceeding the face amount of the claim.

Code 1950, §§ 38-145, 38-454; 1952, c. 317, §§ 38.1-549, 38.1-555; 1986, c. 562.

Amended by Acts 1986, § c.562.

Amended by Acts 1952, § c. 317, 38.1-549, 38.1-555.