(a) A society organized or authorized to transact business under this subtitle is deemed to be a charitable and benevolent institution.
(b) The funds of a society organized or authorized to transact business under this subtitle are exempt from all taxes, except taxes on real estate and office equipment.
Structure Maryland Statutes
Title 8 - Entities That Act as Insurers
Subtitle 4 - Fraternal Benefit Societies
Part I - Definitions; General Provisions
Section 8-402 - Society Deemed Fraternal Benefit Society
Section 8-403 - Application of Subtitle and Other Insurance Laws
Section 8-404 - Exempted Societies
Section 8-405 - Taxation of Societies
Section 8-406 - Retention of Powers by Existing Incorporated Societies