Indiana Statutes

§ 27-11-2-3 — Operation for benefit of members and beneficiaries

Indiana § 27-11-2-3
JurisdictionIndiana
Title 27INSURANCE
Art. 11FRATERNAL BENEFIT SOCIETIES
Ch. 2Structure and Purpose

This text of Indiana § 27-11-2-3 (Operation for benefit of members and beneficiaries) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 27-11-2-3 (2026).

Text

A society shall operate for the benefit of members and their beneficiaries by:

(1)providing benefits as specified in IC 27-11-6-1; 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 that may also be extended to others. These purposes may be carried out directly by the society, or indirectly through subsidiary corporations or affiliated organizations.

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Legislative History

As added by P.L.262-1985, SEC.1.

Nearby Sections

15
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Bluebook (online)
Indiana § 27-11-2-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-11-2-3.