Any company may maintain homes for aged members, or children's homes, hospitals or recreational centers, or any other charitable institution, and may provide for the erection of monuments or memorials to deceased members. Such a company is hereby classified as a charitable institution.
Institutions maintainable; company a charitable institution
Va. Code Ann. § 38.2-3810, under Chapter 38. Cooperative Nonprofit Life Benefit Companies..
Va. Code Ann. § 38.2-3810