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Assessment fund

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

The assessment fund of a mutual benefit association is the balance of the assessments, less expenses, out of which beneficiaries are paid.

Kerr v. Ben. Ass'n, 39 Minn. 174, 39 N. W. 312, 12 Am. St. Rep. 631.