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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 512B - FRATERNAL BENEFIT SOCIETIES
512B.13 - INSTITUTIONS.

        512B.13  INSTITUTIONS.
         A society may create, maintain, and operate, or may establish
      organizations to operate, not-for-profit institutions to further the
      purposes permitted by section 512B.6, subsection 1, paragraph
      "b".  The institutions may furnish services free or at a
      reasonable charge.  Any real or personal property owned, held, or
      leased by the society for this purpose shall be reported in every
      annual statement.  A not-for-profit institution so established is a
      charitable institution with all the rights, benefits, and privileges
      given to charitable institutions under the Constitution and laws of
      the State of Iowa.  The commissioner may adopt appropriate rules and
      reporting requirements.
         Section History: Recent Form
         90 Acts, ch 1148, §13; 2006 Acts, ch 1010, §139

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