Montana Statutes
§ 33-7-210 — Institutions
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 7 FRATERNAL BENEFIT SOCIETIES·Part 2 Formation
33-7-210 . Institutions.
(1)A society may create, maintain, and operate, or may establish organizations to operate, not-for-profit institutions to further the purposes permitted by 33-7-109 (1)(b). The institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held, or leased by the society for these purposes must be reported in every annual statement but may not be allowed as an admitted asset of the society.
(2)A society may not own or operate funeral homes or undertaking establishments.
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Legislative History
En. Sec. 12, 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Repealed§ 33-7-102
Repealed§ 33-7-103
Repealed§ 33-7-104
Repealed§ 33-7-105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Repealed§ 33-7-112
Repealed§ 33-7-113
Repealed§ 33-7-114
Repealed§ 33-7-115
Repealed