40-746. Society's laws nonwaivable by subordinate bodies, officers or members.

40-746

Chapter 40.--INSURANCE
Article 7.--FRATERNAL BENEFIT SOCIETIES

      40-746.   Society's laws nonwaivable by subordinate bodies, officers or members.The laws of the society may provide that no subordinate body,nor any of its subordinate officers or members, shall have the power orauthority to waive any of the provisions of the laws of the society. Suchprovision shall be binding on the society and every member and beneficiary of a member.

      History:   L. 1988, ch. 154, § 9; Jan. 1, 1989.