N.Y. ISC Law § 4506
This is the official text of N.Y. ISC Law § 4506, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.
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Classes of membership
Official statutory 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
Status: in_force · Read it on the official government site
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