Kentucky Statutes 304.29-011 – Fraternal benefit societies, defined
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Any incorporated society, order, or supreme lodge, without capital stock, including one (1) exempted under the provisions of subsection (1)(b) of KRS § 304.29-371, 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 subtitle, shall be a fraternal benefit society.
Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 310, sec. 1, effective January 1, 1989.
Effective: January 1, 1989
Terms Used In Kentucky Statutes 304.29-011
- Lodge: shall mean subordinate member units of the society, known as camps, courts, councils, branches or by any other designation. See Kentucky Statutes 304.29-041
- Society: shall mean fraternal benefit society, unless otherwise indicated. See Kentucky Statutes 304.29-041
History: Created 1988 Ky. Acts ch. 310, sec. 1, effective January 1, 1989.