Michigan Laws 500.8167 – Society operating for benefit of members and their beneficiaries; requirements; subsidiary corporations or affiliated organizations; laws and rules; additional powers
Current as of: 2023 | Check for updates
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(1) A society shall operate for the benefit of members and their beneficiaries by doing both of the following:
(a) Providing benefits as specified in section 8179.
Terms Used In Michigan Laws 500.8167
- Laws: means the society's articles of incorporation, constitution, and bylaws, however designated. See Michigan Laws 500.8161
- Rules: means all rules, regulations, or resolutions adopted by a society's supreme governing body or board of directors that are intended to have general application to the members of the society. See Michigan Laws 500.8161
(b) Operating for 1 or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or religious purposes for the benefit of its members, which may also be extended to others.
(2) Subsection (1) may be carried out directly by the society, or indirectly through subsidiary corporations or affiliated organizations.
(3) Each society may adopt laws and rules for the government of the society, the admission of its members, and the management of its affairs. Each society may change, alter, add to, or amend those laws and rules and shall have other powers as are necessary and incidental to carrying into effect the objects and purposes of the society.