Effective - 01 Jan 1993
378.607. Principal office, meetings, location — official publication, annual statement, requirements. — 1. The principal office of any domestic society shall be located in this state. The meetings of its supreme governing body may be held in any state, district, province or territory wherein such society has at least one subordinate lodge, or in such other location as determined by the supreme governing body, and all business transacted at such meetings shall be as valid in all respects as if such meetings were held in this state. The minutes of the proceedings of the supreme governing body and of the board of directors shall be in the English language.
2. (1) A society may provide in its laws for an official publication in which any notice, report or statement required by law to be given to members, including notice of election, may be published. Such required reports, notices and statements shall be printed conspicuously in the publication. If the records of a society show that two or more members have the same mailing address, an official publication mailed to one member is deemed to be mailed to all members at the same address unless a member requests a separate copy.
(2) Not later than the first day of June of each year, a synopsis of the society's annual statement providing an explanation of the facts concerning the condition of the society thereby disclosed shall be printed and mailed to each benefit member of the society or, in lieu thereof, such synopsis may be published in the society's official publication.
3. A society may provide in its laws or rules for grievance or complaint procedures for members.
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(L. 1992 S.B. 831)
Effective 1-01-93
Structure Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 378 - Fraternal Benefit Societies
Section 378.601 - Fraternal benefit society, defined.
Section 378.602 - Lodge system, requirements — children's wages permitted, limitation.
Section 378.603 - Representative form of government, requirements.
Section 378.604 - Definitions.
Section 378.605 - Operation, purpose — laws and rules, power to adopt.
Section 378.606 - Laws and rules, requirements — membership rights nonassignable.
Section 378.609 - Waiver of laws, restriction on, when.
Section 378.611 - Amendment of laws, procedures — amendments furnished to members.
Section 378.612 - Society may operate nonprofit organizations — may not own funeral home.
Section 378.613 - Reinsurance agreements, allowed — limitations.
Section 378.615 - Conversion to mutual life insurance company, allowed when.
Section 378.616 - Benefits authorized — rules to specify allowable beneficiaries.
Section 378.620 - Cash surrender value of certificate, computation of.
Section 378.621 - Investment of funds.
Section 378.622 - Assets, use of — variable basis contracts, allowed when.
Section 378.623 - Application of law — exemption from insurance laws.
Section 378.624 - Taxation of societies, exemptions.
Section 378.625 - Valuation of certificates, standards — reserves, excess permitted.
Section 378.626 - Statement of financial condition, contents, filing — penalty.
Section 378.627 - Annual renewal required.
Section 378.628 - Examination, director may conduct — expenses.
Section 378.629 - Foreign society to have license, requirements.
Section 378.631 - Foreign society, director may enjoin business, when.
Section 378.632 - Injunction, who may file.
Section 378.633 - Agents, licensing of — persons not deemed agents.
Section 378.634 - Unfair practices and frauds, subject to law — exception.
Section 378.635 - Service of process, director to be agent for.
Section 378.638 - Fraudulent acts, penalties.
Section 378.640 - Law not applicable to certain societies, when — specific exemptions.