Fraternal benefit society defined.

Checkout our iOS App for a better way to browser and research.

58-37A-1. Fraternal benefit society defined.

Any incorporated society, order, or supreme lodge, without capital stock, including one exempted under the provisions of subdivision 58-37A-38(2), whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which provides benefits in accordance with this chapter, is a fraternal benefit society for the purposes of this chapter.

Source: SL 1990, ch 410, §1.


Download our app to see the most-to-date content.