South Carolina § 38-38-120 Principal place of business; publication of required notice; annual statement of condition; grievance procedure.

South Carolina Statutes

§ 38-38-120 — Principal place of business; publication of required notice; annual statement of condition; grievance procedure.

South Carolina § 38-38-120

Title 38INSURANCE

Ch. 38FRATERNAL BENEFIT SOCIETIES

This text of South Carolina § 38-38-120 (Principal place of business; publication of required notice; annual statement of condition; grievance procedure.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 38-38-120 (2026).

Text

(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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(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 given to members, including notice of election, may be published. These required reports, notices, and statements must be printed conspicuously in the publication. If the records of a society show that two or more members have the same mailing address, an official publication mailed to one member must be deemed to be mailed to all members at the same address, unless a member requests a separate copy. (2) Not later than June first of each year, a synopsis of the society's annual statement providing an explanation of the facts concerning the condition of the society must be printed and mailed to each benefit member of the society, or the synopsis may be published in the society's official publication. (C) A society may provide in its bylaws or rules for grievance or complaint procedures for members.