Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 15. FRATERNAL BENEFIT SOCIETIES · Article 1. ORGANIZATION AND GOVERNANCE; DEFINITIONS

33-15-5. Purposes of society; adoption of laws and rules.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
A society shall operate for the benefit of members and their beneficiaries by:#
1. (1)
  Providing benefits as specified in Code Section 33-15-60; and#
2. (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.#
3. Such purposes may be carried out directly by the society or indirectly through subsidiary corporations or affiliated organizations.
(b)
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.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 33-15-5, enacted by Ga. L. 1993, p. 1744, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, page 727; merge action: carried; file SHA-256 4ecec175d949.