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The Laws of New York
Consolidated Laws of New York
CHAPTER 28
Insurance
ARTICLE 45
Fraternal Benefit Societies
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SECTION 4519
Impairment of reserves and surplus; order to make good deficiency
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ARTICLE 45
Fraternal Benefit Societies
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SECTION 4521
Grounds for revocation or suspension of license
This entry was published on 2014-09-22
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SECTION 4520
Non-liability of officers and members
Insurance (ISC) CHAPTER 28, ARTICLE 45
§ 4520. Non-liability of officers and members. Officers and members of
the supreme or any subordinate body of any authorized society shall not
be individually liable for the payment of any benefits provided for in
the laws and agreements of such society, but the same shall be payable
only out of the funds of such society and in the manner provided by its
laws.