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Code · North Carolina · Chapter 58 — Insurance

Article 24.

87 words·~1 min read·/nc/chapter-58/24

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Article 24.
Fraternal Benefit Societies.
§ 58-24-1. Fraternal benefit societies.
Any incorporated society, order or supreme lodge, without capital stock, including one exempted under the provisions of G.S. 58-24-185(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 Article, is hereby declared to be a fraternal benefit society. (1987, c. 483, s. 2.)
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