Montana Statutes
§ 33-7-109 — Purposes And Powers
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 7 FRATERNAL BENEFIT SOCIETIES·Part 1 General Provisions
33-7-109 . Purposes and powers.
(1)A society shall operate for the benefit of members and their beneficiaries by:
(a)providing benefits as provided in 33-7-520 ; and
(b)providing for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or religious purposes, which may be extended to others. The purposes may be carried out directly by the society or indirectly through subsidiary corporations or affiliated organizations.
(2)A society may adopt laws and rules for the government of the society, the admission of its members, and the management of its affairs. It may amend laws and rules and exercise powers necessary and incidental to the objectives and purposes of the society.
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Legislative History
En. Sec. 5, Ch. 586, L. 1991.
Nearby Sections
15
§ 33-7-101
Repealed§ 33-7-102
Repealed§ 33-7-103
Repealed§ 33-7-104
Repealed§ 33-7-105
Fraternal Benefit Societies§ 33-7-106
Lodge System§ 33-7-107
Representative Form Of Government§ 33-7-108
Definitions§ 33-7-109
Purposes And Powers§ 33-7-110
Qualification For Membership§ 33-7-111
Repealed§ 33-7-112
Repealed§ 33-7-113
Repealed§ 33-7-114
Repealed§ 33-7-115
Repealed