ยง 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.
Structure New York Laws
Article 45 - Fraternal Benefit Societies
4502 - Incorporation and Licensing of Domestic Societies; Meeting of Supreme Governing Body.
4503 - Licensing of Foreign and Alien Societies.
4504 - Amendments to Charter, Constitution and By-Laws; Waiver of Provisions.
4505 - Insurance Benefits Authorized.
4509 - Certificates; Applications; Effect of Changes in Corporate Documents.
4510 - Life Insurance Certificates; Required and Prohibited Provisions.
4513 - Annuity Certificates; Compliance With Rules and Regulations.
4515 - Conditions for Avoiding Separate Funds.
4516 - Annual Statement; Valuation Report; Power of Superintendent.
4517 - Standard of Valuation Reserves.
4518 - Amounts Credited on Life Insurance Certificates.
4519 - Impairment of Reserves and Surplus; Order to Make Good Deficiency.
4520 - Non-Liability of Officers and Members.
4521 - Grounds for Revocation or Suspension of License.
4522 - Exemptions of Certain Organizations.
4523 - Soliciting Membership in Unauthorized Societies; Penalties.
4524 - Exemption From Taxation.
4525 - Application of Other Provisions of This Chapter.
4526 - Investments of Fraternal Benefit Societies.
4527 - Optional Authority and Regulation.
4528 - New Business Limitations.