2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 512B - FRATERNAL BENEFIT SOCIETIES
512B.6 - PURPOSES AND POWERS.

        512B.6  PURPOSES AND POWERS.
         1.  A society shall operate for the benefit of members and their
      beneficiaries by fulfilling both of the following purposes:
         a.  Providing benefits as specified in section 512B.16.
         b.  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.
         The purposes listed in this subsection may be carried out directly
      by the society, or indirectly through subsidiary corporations or
      affiliated organizations.
         2.  A society may adopt laws and regulations for the government of
      the society, the admission of its members, and the management of its
      affairs.  A society may amend its laws and regulations, and has other
      powers as necessary and incidental to carrying into effect the
      objects and purposes of the society.  

         90 Acts, ch 1148, §6
         Referred to in § 512B.13