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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 8. ENTITIES THAT ACT AS INSURERS |
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SUBTITLE 4. FRATERNAL BENEFIT SOCIETIES |
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PART II. FORMATION, ORGANIZATION, AND AUTHORITY TO DO BUSINESS |
§ 8-418. Constitution and laws; general powers
Latest version.
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(a) Constitution and laws. -- A society may adopt and amend laws to:
(1) govern the society;
(2) admit society members;
(3) manage society affairs; and
(4) fix and readjust the rates of society members.
(b) Waiver of provisions by subordinate body, officer, or member. --
(1) The laws of the society may provide that subordinate lodges or branches and their officers and members may not waive any provisions of the laws of the society.
(2) A provision adopted in accordance with this subsection is binding on the society and each member and beneficiary of a member.
(c) General powers. -- Except as prohibited by this subtitle, a society has any other power necessary and incidental to accomplish the purposes for which it is established.