614.01 Definitions. (1) In this chapter: (a) A “fraternal”, also called a “fraternal benefit society” or “mutual benefit society” is a corporation organized or operating under this chapter that: 1. Has no capital stock; 2. Exists solely for: a. The benefit of its members and their beneficiaries; and b. Any lawful social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic or religious purposes for the benefit of its members or the public, carried on through voluntary activity of its members in their local lodges or through institutional programs of the fraternal or its local lodges; 3. Has a lodge system; 4. Has a representative form of government; and 5. Provides insurance benefits authorized under this chapter. (b) The “laws” of a fraternal include its articles of incorporation and bylaws, however designated. (c) A “lodge system” exists only if all of the following conditions are met: 1. There is a supreme governing body. 2. Subordinate to the supreme governing body, there are local lodges, whatever the local lodges are called, into which natural persons are admitted as members in accordance with the laws of the fraternal.
614.41 614.42 614.43 614.51 614.53 614.54 614.55 614.56 614.57 614.60 614.62 614.63 614.66
614.73 614.74 614.76 614.77 614.78 614.79
614.80 614.82 614.94 614.96
SUBCHAPTER IV MANAGEMENT OF FRATERNALS Communications to members. Representative form of government. Annual report to fraternal members. Board of directors. Removal of directors and officers and filling of vacancies. Supervision of management changes. Continuity of management in emergencies. Committees of directors. Interlocking directorates and other relationships. Transactions with affiliates and in which directors and others are interested. Directors’ liability and indemnification. Executive compensation. Exclusive agency contracts and management contracts. SUBCHAPTER V CORPORATE REORGANIZATION Merger and consolidation of fraternals. Voluntary dissolution of solvent domestic fraternals. Voluntary conversion of fraternals to mutuals. Rehabilitation or involuntary conversion. Maintenance of solvency. Rehabilitation and liquidation. SUBCHAPTER VI MISCELLANEOUS PROVISIONS Tax exemption. Fraternal expenditures and activities. Fraternals as fundholders. Exemption of fraternal benefits.
3. The local lodges are required by the laws of the fraternal to hold regular meetings at least once every 3 months. 4. The local lodges engage regularly in programs involving member participation to implement the purposes of par. (a) 2. b. (d) A “representative form of government” exists if and only if the fraternal complies with s. 614.42. (5) In any section of the statutes made applicable to fraternals by this chapter, the technical terms used in those statutes are applicable to fraternals despite the customary use of other parallel terms by fraternals. (6) The definitions in ss. 181.0103 (3), (17) and (18), 600.03 and 610.01 (1), (2) and (4) apply to fraternals. History: 1975 c. 373; 1979 c. 102; 1983 a. 189 ss. 297, 329 (22), (25); 1997 a. 79; 2001 a. 103; 2003 a. 60.