Virginia Code 38.2-3818: Officers and members not individually liable for payment.
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Officers and members of the supreme, grand or any subordinate body of any company shall not be individually liable for the payment of any disability or death or other benefits provided for in the laws, bylaws and contracts of the company. Benefits shall be payable out of the funds of the company and in the manner provided by its laws and bylaws.
Terms Used In Virginia Code 38.2-3818
- company: means a cooperative nonprofit life benefit company as defined in subsection A of this section. See Virginia Code 38.2-3801
Code 1950, § 38-487; 1952, c. 317, § 38.1-519; 1986, c. 562.