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The Maryland Code Public General Laws, 1904
Volume 393, Page 628   View pdf image (33K)
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628 CORPORATIONS. [ART. 23

dependency when it is established by documentary proof to
the satisfaction of the executive officers of such association
that the fact of such dependency, as herein provided, existed
at the member's death, and no benefit certificate shall issue
designating a beneficiary by way of dependency, unless such
dependency shall be fully set forth, in writing, and established
by documentary proof to the satisfaction of said executive
officers, prior to the issuance thereof. A benefit shall not be
assignable except to the beneficiaries above specified, and then
only by the consent of such association, attested by its seal and
the signature of its supreme secretary and its supreme executive
officer; but the member may surrender his benefit certificate and
have a new one issued to any one or more of the beneficiaries, as
above specified, in the manner provided by the constitution and
laws of such association. Such associations shall be governed
by the provisions of section 210 to section 223, both inclusive,
of this article, and shall be exempt from the provisions of the
insurance laws of this State, and no law hereafter passed shall
apply to them unless they be expressly designated therein;
provided, that any corporations or associations, orders or
societies, operating on the lodge system and having ritualistic
work in their lodges, councils or societies, whose business it is,
in whole or in part, to pay, at the expiration of a fixed period
of not less than five years, a sum not exceeding the maximum
amount named in their certificates, or paying dividend, with-
drawal, surrender or old age benefits, or paying such certificates
at the expiration of life expectancy, may conduct their business
in this State under the provisions governing fraternal beneficiary
societies, orders or associations, with this exception, that no
such corporation or association shall be permitted to begin, do
or continue business in this State, until it shall have first
deposited with the insurance commissioner of this State, the
sum of ten thousand dollars in dividend-bearing securities,
satisfactory to said commissioner, as a guarantee for the
payment of certificates issued by it, which deposit shall be
constantly maintained at that amount; provided, however, that
any such corporation or association organized under the laws of
any other State, which may have, under the law's of the State
of which it is a citizen, a deposit of equal value for the purpose
herein mentioned, shall, upon proof of the existence of such
deposit, not be required to make the same with the insurance
commissioner of this State.

Barton v Fraternal Alliance, 85 Md. 31 Inter. Frat. Alliance v. State,
86 Md 560. Dale v Brombly, 96 Md 678.


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 628   View pdf image (33K)
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