Arkansas § 23-74-105 Purposes and powers

Arkansas Statutes

§ 23-74-105 — Purposes and powers

Arkansas § 23-74-105

Title23

This text of Arkansas § 23-74-105 (Purposes and powers) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-74-105 (2026).

Text

(a)A fraternal benefit society shall operate for the benefit of members and their beneficiaries by:

(1)Providing benefits as specified in § 23-74-401 ; and (2) Operating for one (1) 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. These 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

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(a) A fraternal benefit society shall operate for the benefit of members and their beneficiaries by: (1) Providing benefits as specified in § 23-74-401 ; and (2) Operating for one (1) 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. These 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 carrying into effect the objects and purposes of the society.