TITLE 33 INSURANCE

Section 15. Fraternal Benefit Societies, 33-15-1 through 33-15-123.

ARTICLE 1 ORGANIZATION AND GOVERNANCE; DEFINITIONS

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

1. A society shall operate for the benefit of members and their beneficiaries by:
   1. Providing benefits as specified in Code Section 33-15-60; and
   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.

      Such purposes may be carried out directly by the society or indirectly through subsidiary corporations or affiliated organizations.

2. 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.

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