§ 1528 Funds held by domestic fraternal benefit society; use
§ 1528. Funds held by domestic fraternal benefit society; use
This chapter does not apply to unclaimed funds held by a life insurance corporation which is organized or admitted as a domestic fraternal benefit society under Chapter 10 (commencing with Section 10970) of Part 2 of Division 2 of the Insurance Code, so long as such funds are used for scholarship funds, exclusive of costs of administration thereof.