A benevolent society organized or operating under this chapter, by a two-thirds vote of its members present or voting by proxy at any annual meeting or special meeting called for that purpose, may transfer its membership to any other society or organization. Notice of the contemplated action must be mailed to each member in good standing, at the member’s last-known post-office address, at least fifteen days prior to the date of the meeting, and any transfer of membership, and the conditions thereof, must have the approval of the commissioner.