North Carolina General Statutes 58-24-55. Institutions
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Terms Used In North Carolina General Statutes 58-24-55
- Society: shall mean fraternal benefit society, unless otherwise indicated. See North Carolina General Statutes 58-24-15
A society may create, maintain and operate, or may establish organizations to operate, not for profit institutions to further the purposes permitted by N.C. Gen. Stat. § 58-24-20(a)(2). Such institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held or leased by the society for this purpose shall be reported in every annual statement. (1987, c. 483, s. 2.)