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- Alaska Statutes.
- Title 21. Insurance
- Chapter 84. Fraternal Benefit Societies
- Section 15. Purposes and Powers.
previous: Section 10
. Chapter Exclusive. [Repealed, Sec. 36 Ch 96 SLA 1997].
next: Section 20
. Exempted Societies. [Repealed, Sec. 36 Ch 96 SLA 1997].
AS 21.84.015. Purposes and Powers.
- (a) A society shall operate for the benefit of members and their beneficiaries by (1) providing benefits as specified in
, and (2) operating for a social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or
religious purpose for the benefit of its members, which benefits may also be extended to others. A purpose may be
carried out directly by the society or indirectly through subsidiary corporations or affiliated organizations.
- (b) A society may adopt and amend laws and rules for the government of the society, the admission of its members, and the
management of its affairs and may have other powers necessary to carrying into effect the objects and purposes of the
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