New York § 4506 Classes of membership

New York Statutes

§ 4506 — Classes of membership

New York § 4506

Law ISCInsurance

Art. 45Fraternal Benefit Societies

This text of New York § 4506 (Classes of membership) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Insurance § 4506 (2026).

Text

  § 4506. Classes of membership. An authorized society may admit to\nmembership two classes of members: insurance members and social members\nby whatever name known. Social members shall not be entitled to any of\nthe benefits prescribed by section four thousand five hundred five of\nthis article, and shall have no voice or vote in the management of the\ninsurance affairs of the society, except that they shall be eligible to\nbe elected as officers and as representatives of insurance members\nunless such eligibility is prohibited by the society's by-laws.\nInsurance members may be either adult members or juvenile members.\n

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§ 4506. Classes of membership. An authorized society may admit to\nmembership two classes of members: insurance members and social members\nby whatever name known. Social members shall not be entitled to any of\nthe benefits prescribed by section four thousand five hundred five of\nthis article, and shall have no voice or vote in the management of the\ninsurance affairs of the society, except that they shall be eligible to\nbe elected as officers and as representatives of insurance members\nunless such eligibility is prohibited by the society's by-laws.\nInsurance members may be either adult members or juvenile members.\n