Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE57 INSURANCE |
CHAPTER695A. Fraternal Benefit Societies |
NRS695A.090. General powers and duties of society.
- A society shall operate for the benefit of its members and their beneficiaries by providing benefits as specified in NRS 695A.180 and may:
1. Operate for any lawful social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic or religious purpose.
2. Carry out its purposes directly or through subsidiary corporations or affiliated organizations.
3. Create, maintain and operate, or establish organizations to operate, nonprofit institutions to further the society’s purposes. Such institutions may charge a reasonable amount for their services.
4. Organize and operate lodges for children under the minimum age for adult membership. Membership and initiation in local lodges must not be required of children, and they must not have a voice or vote in the management of the society.
5. Adopt laws and rules for the government of the society, the admission of its members and the management of its affairs.
6. Amend its laws and rules.
7. Exercise any other power which is necessary and incidental to carrying into effect the objects and purposes of the society and which is not inconsistent with the provisions of this chapter.
(Added to NRS by 1971, 1838; A 1991, 227)