California Insurance Code

§ 11010

INS § 11010 Effective Jan 1, 1996Div. 2 · Part 2 · Ch. 10 · Art. 3

Statute text

Seven or more United States citizens, a majority of whom are citizens of this state, who desire to form a fraternal benefit society, may make, sign, and acknowledge articles of incorporation before an officer competent to take acknowledgment of deeds. The articles of incorporation shall state:

(a)The proposed corporate name of the society, which shall not so closely resemble the name of any society or insurance company as to be misleading or confusing.

(b)The purposes for which it is being formed, and the mode in which its corporate powers are to be exercised. The purposes shall not include more liberal powers than are granted by this chapter, provided that any lawful, social, intellectual, educational, charitable, benevolent, moral, fraternal, or religious purposes shall be set forth among the purposes of the society.

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Legislative history

Amended by Stats. 1995, Ch. 166, Sec. 2. Effective January 1, 1996.