40-766. Establishment and operation of not for profit institutions to further purposes of society; compensation for institutions' services; annual statement to include property held for such purpo - Kansas Statutes

40-766

Chapter 40.--INSURANCE Article 7.--FRATERNAL BENEFIT SOCIETIES

      40-766.   Establishment and operation of not for profit institutions tofurther purposes of society; compensation for institutions' services;annual statement to include property held for such purposes.A society may create, maintain and operate, or may establishorganizations to operate, not for profit institutions to further purposespermitted by subsection (a)(2) of K.S.A. 40-742. Such institutionsmay furnishservices free or at a reasonable charge. Any real or personal propertyowned, held or leased by the society for this purpose shall be reported inevery annual statement.

      History:   L. 1988, ch. 154, § 29; Jan. 1, 1989.