Michigan Compiled Laws § 500.8164 Definition Of Fraternal Benefit Society.

500.8164 Definition of fraternal benefit society.

Sec. 8164.

An incorporated society, order, or supreme lodge, without capital stock, including 1 exempted under the provisions of section 8199(1)(b) 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 provides benefits in accordance with this chapter, is a fraternal benefit society.

History: Add. 1990, Act 1, Eff. Apr. 1, 1990
Popular Name: Act 218

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Last modified: October 10, 2016