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2018 Georgia Code
Title 33 - Insurance
Chapter 15 - Fraternal Benefit Societies
Article 3 - Formation and Petitions for Charter; Amendments of Laws; Reinsurance; Consolidations and Mergers; Conversions
§ 33-15-42. Operation of not for profit institutions
Universal Citation: GA Code § 33-15-42 (2018)
A society may create, maintain, and operate, or may establish organizations to operate, not for profit institutions to further the purposes permitted by paragraph (2) of subsection (a) of Code Section 33-15-5. Such 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. No society shall own or operate funeral homes or undertaking establishments.
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