North Dakota § 26.1-15.1-05 Purposes and owners

North Dakota Statutes

§ 26.1-15.1-05 — Purposes and owners

North Dakota § 26.1-15.1-05

Title 26.1Insurance

Ch. 26.1-15.1Fraternal Benefit Societies

This text of North Dakota § 26.1-15.1-05 (Purposes and owners) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-15.1-05 (2026).

Text

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

a.Providing benefits as specified in section 26.1-15.1-16.

b.Operating for one 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. Such purposes may be carried out directly by the society or indirectly through subsidiary corporations, limited liability companies, or affiliated organizations.

2.Every society has 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 has the power to change, alter, add to, or amend such laws and rules and such other powers as are necessary and incidental to car

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1. A society shall operate for the benefit of members and their beneficiaries by:
a. Providing benefits as specified in section 26.1-15.1-16.
b. Operating for one 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. Such purposes may be carried out directly
by the society or indirectly through subsidiary corporations, limited liability
companies, or affiliated organizations.
2. Every society has 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 has the power to
change, alter, add to, or amend such laws and rules and such other powers as are
necessary and incidental to carrying into effect the objects and purposes of the society.