648 ARTICLE 48A.

issuance of the original certificate the member shall become dependent
upon an incorporated charitable institution, he shall have the privilege,
with the consent of the association, to make such institution his beneficiary;
and provided further, that any fraternal beneficiary association authorized
to do business in this State, and which shall as to all or any class of certifi-
cates or contracts accumulate and maintain the assets required for the pay-
ment, of benefits upon such certificates or contracts, when valued by
mortality and interest standards which provide reserves not less than those
based upon such mortality tables and interest rates as are permitted by the
Insurance Commissioner for fraternal beneficiary associations or life in-
surance companies, or upon any higher standard, may as to such class enter
into such contracts with such persons upon such showing of eligibility in
such forms and granting such benefits payable to such persons and bene-
ficiaries within the above restrictions under such conditions as its consti-
tution and laws may provide. Within the above restrictions, each member
shall have the right to designate his beneficiary, and, from time to time,
have the same changed in accordance with the laws, rules or regulations of
the association, and no beneficiary shall have or obtain any vested interest
in the said benefit until the same has become due and payable upon the
death of the said member; provided, that any association may, by its laws
limit the scope of beneficiaries within the above classes.

An. Code, 1924, sec. 152. 1922, ch. 492, sec. 149. 1935, ch. 370, sec. 152.

152. Qualifications for Membership. Any association may admit to
beneficial membership, upon such showing of eligibility as its constitution
and laws may provide, any person not less than sixteen and not more than
sixty years of age. Nothing herein contained shall prevent such association
from accepting general or social members.

An. Code, 1924, sec. 153. 1922, ch. 492, sec. 150. 1935, ch. 370, sec. 153.

153. Certificate. Every certificate issued by any such association shall
be in such form as its constitution and laws may provide and shall specify
the amount and nature of benefit provided thereby, and the certificate,
the charter or articles of incorporation, or, if a voluntary association, the
articles of association, the constitution and laws of the association and the
application for membership, signed by the applicant, and all amendments
to each thereof, shall constitute the agreement between the association and
the member and the copies of the same certified by the secretary of the
association or corresponding officer, shall be received in evidence of the
terms and conditions thereof, and any changes, additions or amendments
to said charter or articles of incorporation or articles of association, if a
voluntary association, constitution or laws duly made or enacted subse-
quent to the issuance of the benefit certificate shall bind the member and
his beneficiaries, and shall govern and control the agreement in all respects
the same as though such changes, additions or amendments had been made
prior to and were in force at the time of the application for membership.