Any corporation, society, order, or voluntary association without capital stock, organized and carried on solely for the mutual benefit of its members and their beneficiaries and not for profit, and having less than Thirty Thousand Dollars ($30,000.00) in total annual written premium, having a lodge system and representative form of government, or which limits its membership to a secret fraternity having a lodge system and representative form of government, and which shall make provision for the payment of benefits in accordance with Section 83-29-9 is hereby declared to be a fraternal benefit society.
Miss. Code Ann. § 83-29-1
Fraternal benefit societies defined
Applied in 1 court decision — leading case Beta Beta Chapter of Beta Theta Pi v. May (1992)
Most recently applied in Beta Beta Chapter of Beta Theta Pi v. May (December 1992)
Codes, 1930, § 5231; 1942, § 5745; Laws, 2001, ch. 362, § 42, eff from and after July 1, 2001.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.