(a) General rule.--All assets shall be held, invested and disbursed for the use and benefit of the society, and no member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment on the surrender of any part thereof except as provided in the benefit contract.(b) Special funds.--A society may create, maintain, invest, disburse and apply any special fund or funds necessary to carry out any purpose permitted by the laws of the society.(c) Separate accounts.--A society may, pursuant to resolution of its supreme governing body, establish and operate one or more separate accounts and issue contracts on a variable basis, subject to the insurance laws regulating life insurers establishing those accounts and issuing those contracts. To the extent the society deems it necessary in order to comply with any applicable Federal or State laws or any rules issued thereunder, the society may:(1) Adopt special procedures for the conduct of the business and affairs of a separate account.(2) For persons having beneficial interests therein, provide special voting and other rights, including, without limitation, special rights and procedures relating to investment policy, investment advisory services, selection of certified public accountants and selection of a committee to manage the business and affairs of the account.(3) Issue contracts on a variable basis to which section 2434(b) and (d) shall not apply.1921, May 17, P.L. 682, No. 284, art. XXIV, § 2442, added 2002, July 10, P.L. 749, No. 110, § 9, effective in 60 days.