                                 CODE OF VIRGINIA

LIABILITY ON OFFICERS AND DIRECTORS FOR FAILING TO LEVY ASSESSMENTS (§
38.2-4018)

The officers or directors of any society who, after due proof of death has been
filed, for sixty days refuse or neglect to levy an assessment to pay a claim not
disputed by reason of fraud or validity when the death or emergency fund is
insufficient to pay the claim, shall be liable to the beneficiary of the
certificate. The liability of the officers or directors shall be for a sum not
exceeding the face amount of the claim.

HISTORY: Code 1950, §§ 38-145, 38-454; 1952, c. 317, §§ 38.1-549, 38.1-555;
1986, c. 562.