§ 38.2-4104. Purposes and powers
A. A society shall operate for the benefit of members and their beneficiaries by:
1. Providing benefits as specified in § 38.2-4116; and
2. Operating for one 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. Such purposes may be carried out directly by the society, or indirectly through subsidiary corporations or affiliated organizations.
B. 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 such laws and rules and shall have any other powers necessary and incidental to effecting the objects and purposes of the society.
(Code 1950, §§ 38-277, 38.1-593; 1952, c. 317, § 38.1-638.25; 1968, c. 654, § 38.1-638.36; 1986, c. 562.)
Sections: Previous 38.2-4100 38.2-4101 38.2-4102 38.2-4103 38.2-4104 38.2-4105 38.2-4106 38.2-4107 38.2-4108 38.2-4109 38.2-4110 38.2-4111 38.2-4112 38.2-4113 38.2-4114 NextLast modified: April 16, 2009