§432:2-104 - Fraternal benefit societies.
§432:2-104 Fraternal benefitsocieties. Any incorporated society, order or supreme lodge, withoutcapital stock, including one exempted under the provisions of section432:2-704(a)(2) whether incorporated or not, conducted solely for the benefitof its members and their beneficiaries and not for profit, operated on a lodgesystem with ritualistic form of work, having a representative form ofgovernment, and which provides benefits in accordance with this article, ishereby declared to be a fraternal benefit society. [L 1987, c 347, pt of §2]