§ 26-29-227 — Annual license

Societies which are now authorized to transact business in this
state may continue business until February 28, 1990. The
authority of those societies and all societies licensed under
this chapter, may thereafter be renewed annually, but in all
cases to terminate on the last day of the succeeding February.
However, a license so issued shall continue in full force and
effect until the new license is issued or specifically refused.
For each license or renewal the society shall pay the
commissioner two hundred fifty dollars ($250.00). A duly
certified copy or duplicate of the license shall be prima facie
evidence that the licensee is a fraternal benefit society within
the meaning of this chapter.