DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 10. Fraternal Benefit Societies 10970-11165›ARTICLE 7. Financial Matters 11120-11146

§ 11124

California Insurance Code · 2018-11 edition · updated 2026-10-04 · California

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.

(Added by Stats. 1951, Ch. 1193.)

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California Insurance Code

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