Oklahoma § 36-2807 Membership - Forfeiture.

Oklahoma Statutes

§ 36-2807 — Membership - Forfeiture.

Oklahoma·Title 36 Insurance

After any such association is organized and has commenced business, its membership shall be composed of its policyholders only, and every person accepted as insurable shall be ipso facto a member. Noncompliance with the bylaws and nonpayment of assessments within thirty days after request so to do shall forfeit member's policy and membership; provided, such member shall be held liable for his pro rata share of any liability existing at the time his membership is forfeited.

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After any such association is organized and has commenced business, its membership shall be composed of its policyholders only, and every person accepted as insurable shall be ipso facto a member. Noncompliance with the bylaws and nonpayment of assessments within thirty days after request so to do shall forfeit member's policy and membership; provided, such member shall be held liable for his pro rata share of any liability existing at the time his membership is forfeited.

Oklahoma § 36-2807 (Membership - Forfeiture.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.