The commissioner shall act as prescribed in Section 11093 when upon investigation he finds that a domestic society:
(a) Has exceeded its power;
(b) Has failed to comply with any provision of this chapter;
(c) Is not fulfilling its contracts in good faith;
(d) Has a membership of less than 400 after an existence of one year; or
(e) Is transacting business fraudulently or in a manner hazardous to its members, creditors, the public or the business.
(Repealed and added by Stats. 1951, Ch. 1193.)