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§ 8-406. Retention of powers by existing incorporated societies

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 8. Entities that Act as Insurers
Subtitle 4. Fraternal Benefit Societies (Refs & Annos)
Part I. Definitions; General Provisions
MD Code, Insurance, § 8-406
§ 8-406. Retention of powers by existing incorporated societies
Currentness
In general
(a) An incorporated society authorized to transact insurance business in the State on December 31, 1963, may exercise all the rights, powers, and privileges prescribed in this subtitle and in the charter or articles of incorporation of the society to the extent consistent with this subtitle.
Domestic societies not required to reincorporate
(b) A domestic society is not required to reincorporate.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 316.
MD Code, Insurance, § 8-406, MD INSURANCE § 8-406
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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