South Carolina Statutes
§ 38-38-120 — Principal place of business; publication of required notice; annual statement of condition; grievance procedure.
(A)The principal place of business and primary executive, administrative, and home offices and all original books and records of a domestic society must be located and maintained in this State. The meetings of its supreme governing body may be held in a state, district, province, or territory in which the society has at least one subordinate lodge, or in another location as determined by the supreme governing body, and all business transacted at these meetings is as valid in all respects as if these meetings were held in this State. The minutes of the proceedings of the supreme governing body and of the board of directors must be in the English language.
(B)(1) A society may provide in its bylaws for an official publication in which a notice, report, or statement required by law to be giv
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South Carolina § 38-38-120 (Principal place of business; publication of required notice; annual statement of condition; grievance procedure.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2000 Act No. 259, SECTION 1.
Nearby Sections
15
§ 38-38-10
Fraternal benefit society defined.§ 38-38-110
Membership provisions in bylaws or rules.§ 38-38-140
Waiver of bylaw provisions.§ 38-38-220
Amendment of bylaws; notice to director.§ 38-38-240
Reinsurance.§ 38-38-260
Reorganization into mutual life insurer.