56-20-110 - Exclusion from membership Policies cancelled or withdrawn Effect. - Tennessee Statutes

56-20-110. Exclusion from membership Policies cancelled or withdrawn Effect.

Any member who neglects or refuses to pay an assessment may for this reason, or for any other reason satisfactory to the directors or executive committee, be excluded by a majority of the directors or executive committee, or as the bylaws may prescribe, from the corporation; and when thus excluded, the secretary shall cancel or withdraw the person's policy or policies and notify the person of the fact, which shall prevent the person's recovering for any loss or damage sustained after the exclusion.

[Acts 1895, ch. 220, § 8; Shan., § 3362; Code 1932, § 6244; T.C.A. (orig. ed.), § 56-1910.]