Illinois Compiled Statutes 215 ILCS 5/290.1 – Waiver
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Terms Used In Illinois Compiled Statutes 215 ILCS 5/290.1
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
The laws of the society may provide that no subordinate body, nor any of its subordinate officers or members, shall have the power or authority to waive any of the provisions of the laws of the society. Such provisions shall be binding on the society and every member and beneficiary of a member.