Southern Mutual Aid Ass'n v. Cobb

Citations

• 60 Fla. 198

Syllabus

<p>1. Members of mutual benefit associations are bound to take notice of the charter powers of such associations and of the law of the State under which it is organized and authorized to do business.</p> <p>2. Where a mutual benefit association organized and doing business under the laws of the State of Alabama issued to one of its members a policy agreeing to repay to said member after the expiration of ten years the premiums paid in by said member upon his policy, less any sums drawn out by him for such benefits, and said agreement is ultra vires as construed by the Supreme Court of Alabama, no recovery of said premiums can be had in this State.</p>