Louisiana Revised Statutes 22:285 – Purposes and powers
Terms Used In Louisiana Revised Statutes 22:285
- Laws: means the society's articles of incorporation, constitution, and bylaws, however designated. See Louisiana Revised Statutes 22:284
- Rules: means all rules, regulations, or resolutions adopted by the supreme governing body or board of directors which are intended to have general application to the members of the society. See Louisiana Revised Statutes 22:284
- Society: means fraternal benefit society. See Louisiana Revised Statutes 22:284
A. A society shall operate for the benefit of members and their beneficiaries by:
(1) Providing benefits as specified in La. Rev. Stat. 22:296.
(2) Operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or religious purposes for the benefit of its members, which may also be extended to others. Such purposes may be carried out directly by the society, or indirectly through subsidiary corporations or affiliated organizations.
B. Every society shall have the power to adopt laws and rules for the government of the society, the admission of its members, and the management of its affairs. It shall have the power to change, alter, add to, or amend such laws and rules and shall have such other powers as are necessary and incidental to carry into effect the objects and purposes of the society.
Acts 1987, No. 470, §1, eff. Jan. 1, 1988; Redesignated from La. Rev. Stat. 22:545 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.