Unannotated Code of Maryland (Last Updated: May 16, 2014) |
INSURANCE |
TITLE 8. ENTITIES THAT ACT AS INSURERS |
SUBTITLE 4. FRATERNAL BENEFIT SOCIETIES |
PART II. FORMATION, ORGANIZATION, AND AUTHORITY TO DO BUSINESS |
§ 8-410. Formation of society
Latest version.
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(a) In general. -- Seven or more individuals, acting as incorporators, may form a society under this subtitle.
(b) Citizenship requirements. --
(1) Each incorporator of a society must be a citizen of the United States.
(2) A majority of the incorporators must be citizens of the State.