§ 10-14-201 — Qualifications for membership

(1) A society shall specify in its
governing documents or rules:

(a) Eligibility standards for each and every class of membership. If benefits
are provided on the lives of children, the minimum age for adult membership shall
be set at not less than fifteen years of age and not greater than twenty-one years
of age.

(b) The process for admission to membership for each membership class;
and

(c) The rights and privileges of each membership class. Only benefit
members shall have the right to vote on the management of the insurance affairs of
the society.

(2) A society may also admit social members who shall have no voice or vote
in the management of the insurance affairs of the society.

(3) Membership rights in the society are personal to the member and are not
assignable.

Legislative History

Source: L. 93: Entire article amended with relocations, p. 588, � 1, effective July 1.