ASSESSMENT FUND - Black's Law Dictionary

What is ASSESSMENT FUND? Definition of ASSESSMENT FUND in Black's Law Dictionary

The assessment fund of a mutual benefit association is the balance of the assessments, less expenses, out of which beneficiaries are paid. Kerr v. Ben. Ass'n, 39 Minn. 174, 39 N.W. 312, 12 Am.St.Rep. 631.

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