Public-domain · open source
OpenJurist

Okla. Stat. tit. 36, § 2706.1

Laws or rules required

Added by Laws 1992, c. 76, § 6, eff

A. A society shall specify in its laws or rules:

1. Eligibility standards for each and every class of membership; provided, if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age fifteen (15) nor greater than age twenty-one (21);

2. The process for admission to membership for each membership class; and 3. The rights and privileges of each membership class; provided, only benefit members shall have the right to vote on the management of the insurance affairs of the society. B. A society may also admit social members who shall have no voice or vote in the management of the insurance affairs of the society. C. Membership rights in the society are personal to the member and are not assignable.

Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.