20-871. Authority to maintain institutions
A. A society may create, maintain and operate or establish an organization to operate not for profit institutions to further the purposes of the society as prescribed by section 20-864. An institution established pursuant to this section may provide services for free or for a reasonable charge.
B. The society shall report in each annual statement any real or personal property that the society owns, holds or leases for the purposes of any institutions established pursuant to this section, except that the property shall not be allowed as an admitted asset of the society.
Section: Previous 20-864 20-865 20-866 20-867 20-868 20-869 20-870 20-871 20-872 20-873 20-874 20-875 20-876 20-877 20-878 NextLast modified: October 13, 2016