695A.010 - “Fraternal benefit society” defined. - Nevada Statutes

695A.010  “Fraternal benefit society” defined.  “Fraternal benefit society” means any incorporated society, order or supreme lodge, without capital stock, including one exempted under the provisions of paragraph (b) of subsection 1 of NRS 695A.570 whether incorporated or not, which:

      1.  Is conducted solely for the benefit of its members and their beneficiaries and not for profit;

      2.  Operates on a lodge system with ritualistic form of work;

      3.  Has a representative form of government; and

      4.  Provides benefits in accordance with this chapter.

      (Added to NRS by 1971, 1835; A 1991, 222)