All fraternal benefit societies domiciled in or incorporated under the laws of Mississippi, or whose principal place of business is therein, shall be required to give a bond in some surety company licensed in Mississippi or in approved securities consisting of bonds of some municipality, county, levee board, or of the State of Mississippi. The minimum of said bond or securities shall be Two Hundred and Fifty Dollars ($250.00) for a minimum membership of two hundred (200), and to increase in sums of Two Hundred and Fifty Dollars ($250.00) for each two hundred (200) additional members, or fraction thereof, until it amounts to the maximum sum of Ten Thousand Dollars ($10,000.00).
Structure Mississippi Code
Chapter 29 - Fraternal Societies
§ 83-29-1. Fraternal benefit societies defined
§ 83-29-3. Lodge system defined
§ 83-29-5. Representative form of government defined
§ 83-29-11. Members and beneficiaries
§ 83-29-25. Mergers and transfers
§ 83-29-29. Admission of foreign society
§ 83-29-31. Power of attorney and service of process
§ 83-29-35. No personal liability
§ 83-29-37. Waiver of the provisions of the laws
§ 83-29-39. Benefit not attachable
§ 83-29-41. Constitution and laws
§ 83-29-45. Examination of domestic societies
§ 83-29-47. Application for receiver, etc.
§ 83-29-49. Examination of foreign societies
§ 83-29-51. No adverse publications
§ 83-29-53. Revocation of license
§ 83-29-55. Certain societies not affected
§ 83-29-61. Fraternal benefit societies must give bond
§ 83-29-63. Suit and judgment on bond
§ 83-29-65. Society must make up all delinquencies
§ 83-29-67. Separate expense fund must be provided
§ 83-29-69. Authority of fraternal orders revoked for failure to pay judgments
§ 83-29-71. Conversion of fraternal benefit societies into stock companies
§ 83-29-73. Fraternal societies may insure children
§ 83-29-75. Conditions under which certificates to be issued