What is BENEFIT SOCIETIES? Definition of BENEFIT SOCIETIES in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
Under this and several similar names, in various states, corporations exist to receive periodical payments from members, and hold them as a fund to be loaned or given to members needing pecuniary relief. Such are beneficial societies of Maryland, fund associations of Missouri, loan and fund associations of Massa chusetts, mechanics' associations of Michigan, protection societies of New Jersey. Friendly societies in Great Britain are a still more extensive and important species belonging to this class. Comm. Equitable Ben. Ass'n, 137 Pa. 412, 18 A. 1112.
More On This Topic: BLANK
---
That's the definition of BENEFIT SOCIETIES in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.