Massachusetts Statutes

§ 45 — Domestic societies governed by direct vote of members; membership limited to permanent employees of cities or towns, commonwealth or federal government; no death benefits; annuities or gratuities contingent on disabilities or long service; governing provisions

Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XXII CORPORATIONS·Ch. 176P LIMITED SOCIETIES

Section 45.

(a)Domestic societies governed by direct vote of their members and limiting their membership as provided in section 4 and domestic fraternal benefit corporations limiting their membership to the permanent employees of cities or towns, the commonwealth or the federal government, and not paying death benefits, but paying annuities or gratuities contingent upon disability or long service, may continue to transact business in the commonwealth. Such corporations and like societies incorporated under this chapter shall be governed by sections 4 to 11, inclusive, sections 14, 18 and 21, so far as the same are applicable, sections 22, 29, 30, 32, 36 to 38, inclusive, sections 47, 47A, 48 and 49 of this chapter and section 5 of chapter 59, and in addition by the following provisions:(1

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Massachusetts § 45 (Domestic societies governed by direct vote of members; membership limited to permanent employees of cities or towns, commonwealth or federal government; no death benefits; annuities or gratuities contingent on disabilities or long service; governing provisions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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