2006 Louisiana Laws - RS 22:338 — By-laws

§338.  By-laws

The board of directors of an association authorized under this Part may make and alter by-laws not inconsistent with the law or articles.  The initial by-laws filed with the articles shall be signed by the first directors named in the articles.  

The by-laws of all associations authorized under this Part shall contain:

(1)  A statement that the treasurer shall make all assessments and pay out all money belonging to the association;

(2)  The name of the undertaker or funeral directing firm with which the association has contracted to furnish the services specified in the policies;

(3)  A description of the various classes or groups into which the policyholders are divided, the benefits to be furnished each class or group, the amount of the assessment of the members of each class or group and the contingency upon which the assessment shall or may be made;

(4)  The period of delay after assessment, which shall be not less than thirty days, within which assessments must be paid in order to prevent the forfeiture of policies;

(5)  The person, firm or corporation to be notified in event of the death of a policyholder or beneficiary;

(6)  The time and place of the annual meeting of policyholders;

(7)  The notice and manner of calling special meetings of policyholders; and may contain any other lawful provisions which may be desired for the purpose of defining, limiting and regulating the exercise of the authority of the association, directors, officers or policyholders.  

Acts 1958, No. 125.