§ 418:1 — Fraternal Benefit Societies Defined

Any incorporated society, order or supreme lodge, without capital stock, including one exempted under RSA 418:36, I(b), whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which provides benefits in accordance with this chapter, is hereby declared to be a fraternal benefit society.

Legislative History

2003, 182:1, eff. Jan. 1, 2004.