434                              Laws of Maryland                      [Ch. 323

adult [beneficial] membership [, whichever is lower,] but not
greater than 21 years of age at time of application therefor, upon
the application of some adult person, as its laws or rules may
provide, which benefits shall be in accordance with the provisions
of Section 275 (a) (1), (2), (3), (4), (5), (6), (7) and (8) of this
article. Any association may, at its option, organize and operate
branches for such children. Membership and initiation in local lodges
shall not be required of such children, nor shall they have a voice
in the management of the association. Children insured under
certificates issued pursuant to this section shall be transferred to, and
become members of, the adult branch of the association upon attaining
the minimum age for adult beneficial membership under the laws
of the association, provided they can meet the eligibility require-
ments of said association; otherwise the transfer shall be only ef-
fective as far as their insurance accounts are concerned. Upon
any such transfer made pursuant hereto, the mortuary reserve funds
accruing against each such certificate and an equitable share of
any surplus funds pertaining thereto shall likewise be transferred
to the adult mortuary fund.

The contributions to be made for death benefits under all juvenile
certificates issued after December 31, 1955, shall be based upon the
Standard Industrial Table or the American Experience Tables of
Mortality with Craig's or Buttolph's Extension thereof, or upon the
American Men Ultimate Table of Mortality with Bowerman's Ex-
tension thereof, with an interest assumption of not more than 3½%
per annum, or on any other standard now or hereafter authorized
for use by domestic life insurers.

Every association issuing such juvenile certificates shall main-
tain on all such certificates not less than the reserve required by
the standard of mortality and interest adopted by the association
for computing contributions.

Every association shall have the power to provide for the desig-
nation and changing of designation of beneficiaries in the certificates
providing for such benefits and to provide in all other respects
for the regulation, government and control of such certificates and
all rights, obligations and liabilities incident thereto and connected
therewith.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1959.

Approved April 3, 1959.

CHAPTER 323
(House Bill 263)

AN ACT to repeal and re-enact, with amendments, sub-section (b-1)
of Section 13 of Article 88A of the Annotated Code of Maryland

Explanation: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.