§ 27-25-5 - Purposes and powers.
SECTION 27-25-5
§ 27-25-5 Purposes and powers. – (a) A society shall operate for the benefit of members and their beneficiariesby:
(1) Providing benefits as specified in § 27-25-16; and
(2) Operating for one or more social, intellectual,educational, charitable, benevolent, moral, fraternal, patriotic, or religiouspurposes for the benefit of its members, which may also be extended to others;
(ii) These purposes may be carried out directly by thesociety, or indirectly through subsidiary corporations or affiliateorganizations.
(b) Every society shall have the power to adopt laws andrules for the government of the society, the admission of its members, and themanagement of its affairs. It shall have the power to change, alter, add to, oramend those laws and rules, and shall have any other powers as are necessaryand incidental to carrying into effect the objects and purposes of the society.