2018 Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 378 - Fraternal Benefit Societies
Section 378.605 Operation, purpose — laws and rules, power to adopt.
Effective 01 Jan 1993, see footnote
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 378378.605. Operation, purpose — laws and rules, power to adopt. — 1. A society shall operate for the benefit of members and their beneficiaries by:
(1) Providing benefits as specified in section 378.616; 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.
2. 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 such other powers as are necessary and incidental to carrying into effect the objects and purposes of the society.
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(L. 1992 S.B. 831)
Effective 1-01-93
