(b) A domestic fraternal benefit society may create, maintain and
operate, or may establish organizations to operate, not-for-profit
institutions to provide one or more social, intellectual, educational,
charitable, benevolent, moral, fraternal, patriotic or religious
benefits to members. Such institutions may furnish services free or at a
reasonable charge. Any real or personal property owned, held or leased
by the society for this purpose shall be reported in the society's
annual statement.
Structure New York Laws
Article 45 - Fraternal Benefit Societies
4502 - Incorporation and Licensing of Domestic Societies; Meeting of Supreme Governing Body.
4503 - Licensing of Foreign and Alien Societies.
4504 - Amendments to Charter, Constitution and By-Laws; Waiver of Provisions.
4505 - Insurance Benefits Authorized.
4509 - Certificates; Applications; Effect of Changes in Corporate Documents.
4510 - Life Insurance Certificates; Required and Prohibited Provisions.
4513 - Annuity Certificates; Compliance With Rules and Regulations.
4515 - Conditions for Avoiding Separate Funds.
4516 - Annual Statement; Valuation Report; Power of Superintendent.
4517 - Standard of Valuation Reserves.
4518 - Amounts Credited on Life Insurance Certificates.
4519 - Impairment of Reserves and Surplus; Order to Make Good Deficiency.
4520 - Non-Liability of Officers and Members.
4521 - Grounds for Revocation or Suspension of License.
4522 - Exemptions of Certain Organizations.
4523 - Soliciting Membership in Unauthorized Societies; Penalties.
4524 - Exemption From Taxation.
4525 - Application of Other Provisions of This Chapter.
4526 - Investments of Fraternal Benefit Societies.
4527 - Optional Authority and Regulation.
4528 - New Business Limitations.