Organizations That Constitute “Fraternal Benefit societies.”

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Any incorporated society, order or supreme lodge, without capital stock, including one exempted under §56-25-704(a)(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 that provides benefits in accordance with this chapter, is declared to be a “fraternal benefit society.”


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