A fraternal benefit society is any incorporated society, order, or supreme lodge, without capital stock, including one exempted under the provisions of R.S. 22:317(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 which provides benefits in accordance with this Subpart.
R.S. 22:281 active rs title
Fraternal benefit societies ACTIVE
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References
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History
- enactment Acts 1958, No. 125
- amendment Acts 1987, No. 470, §1, eff. Jan. 1, 1988