PART II. MEMBERSHIP

 

§432:2-201  Qualifications for membership. (a)  A society shall specify in its laws or rules:

(1)  Eligibility standards for each and every class ofmembership, provided that if benefits are provided on the lives of children,the minimum age for adult membership shall be set at not less than age fifteenand not greater than age twenty-one;

(2)  The process for admission to membership for eachmembership class; and

(3)  The rights and privileges of each membershipclass, provided that only benefit members shall have the right to vote on themanagement of the insurance affairs of the society.

(b)  A society may also admit social memberswho shall have no voice or vote in the management of its insurance affairs.

(c)  Membership rights in the society arepersonal to the member and are not assignable. [L 1987, c 347, pt of §2]