§ 26-29-205 — Purposes and powers

Wyoming § 26-29-205

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 29: FRATERNAL BENEFIT SOCIETIES

Text

(a) A society shall operate for the benefit of members and
their beneficiaries by:
(i) Providing benefits as specified in W.S.
26-29-216; and
(ii) Operating for one (1) 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.
(b) The purposes of a society may be carried out directly
by the society, or indirectly through subsidiary corporations or
affiliated organizations.
(c) Every society shall have 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 shall have the
power to change, alter, add to or amend those laws and rules and
shall have other powers as are necessary and incidental to
carrying into effect the objects and purposes of the society.