Vermont § 4461 Fraternal benefit societies defined

Vermont Statutes

§ 4461 — Fraternal benefit societies defined

Vermont § 4461

Title 8Title 8: Banking and Insurance

Ch. 121Chapter 121: Fraternal Benefit Societies

This text of Vermont § 4461 (Fraternal benefit societies defined) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 8, § 4461 (2026).

Text

(a)Any incorporated society, order, or supreme lodge, without capital stock, including one exempted under the provisions of subdivision 4502(a)(2) of this title, 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 that makes provision for the payment of benefits in accordance with this chapter, is hereby declared to be a fraternal benefit society.

(b)As used in this chapter:

(1)“Society” means a fraternal benefit society.

(2)“Commissioner” means the Commissioner of Financial Regulation. (Added 1959, No. 197, § 1, eff. Nov. 22, 1959; amended 2021, No. 105 (Adj. Sess.), § 185, eff. July 1, 2022.)

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(a) Any incorporated society, order, or supreme lodge, without capital stock, including one exempted under the provisions of subdivision 4502(a)(2) of this title, 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 that makes provision for the payment of benefits in accordance with this chapter, is hereby declared to be a fraternal benefit society.
(b) As used in this chapter:
(1) “Society” means a fraternal benefit society.
(2) “Commissioner” means the Commissioner of Financial Regulation. (Added 1959, No. 197, § 1, eff. Nov. 22, 1959; amended 2021, No. 105 (Adj. Sess.), § 185, eff. July 1, 2022.)