Page:United States Statutes at Large Volume 31.djvu/1362

 1310 rirrr-sixrH Gonennss. sms. 11. ou. sea. 1901. any such amendment or repeal shall not, nor shall the dissolution of any company formed under this subchapter, take away or im air any remedy given against such corporation, 1tS stockholders, or oflihers for any liability or penalty which shall have been previously incurred. CL SUBCHAPTER Twnnvn. ,0Q§f,§$,‘,';*}lb°“°“°“‘ FRATERNAL BENEFICIAL ASSOCIATIONS. 'd€6“°d‘ Sec. 7 49. DEFINED.-—A fraternal beneficial association is hereby declared to be a co oration, society, order, or voluntary association, formed or organizeldpand carried on for the sole benefit of its members and their beneficiaries, and not for profit, having a lodge system with 7 ritualistic form of work and representative form of (government, mak- §.’$§§.§’Fy b§§§§$,ljii°§€ ing provision for the payment of benefits in case of eath. Each such °°°- association may make provision for the payment of benefits in case of sickness, temporary or permanent hysical disability, either as a resrlt {’T¤¢‘i$<>· of disease, accident, or old age: Igrovided, That the period in life at — or old age not to be . . . . . under voyem. which phys1cal d1sab1l1ty benefits on account of old age commences shall not be under seventy years, or the age of expectancy from the time of entering, subject to their compliance with its laws. Any such association may create and maintain a reserve, emergency or benefit fund ..t§'fS§‘§.§}§’,€.,f’§,`°€’g°“°"’ in accordance with its laws. Any such association having a reserve, emergency or beneht fund may, in addition to the benefits hereinbefore named, pay withdrawal benefits, not exceeding the contributions of such member, to a member unable or unwilling to continue membership, provided such membership shall continue not less than three successive years. Such association may also, after ten years or membership, apply its funds and accumulations as its laws provide or the association and members agree. The fund from which the payment of such benefits shall be made and the fund from which the expenses of such association shall be defrayed shall be derived from assessments, dues, and other mggeivham p¤Yl¤¤¤*>¤ payments collected from its members or otherwise. Payment of death ` benefits shall be to the families, heirs, blood relatives, aflianced husband Laws applicable pp- or aflianced wife of or to persons dependent upon the member. Such association shall be governed by this subchapter, and shall be exempt fromgthe provisions of insurance laws of the United States relating to the District of Columbia, and no law hereafter passed shall apply to them unless they be expressly designated therein: Provided, however, mgpgt%¤dg¤%m¤g;%g; That the fact that any such association has outstanding agreements with sea beueiisyumiiex- its members for the payment of benefits other than those hereinbefore °1“d° °°ml’““Y· °t°‘ specified, if it is making no new contracts of that character and is retiring those already existing, shall not exclude such association from the _ _ _ _ operation of this subchapter. _ . _ mE§l§:gIQg;*1{1Sgfl¤¤°¤¤. Sec. 750. Existrxive Assoc1A*r1o1~rs.—All such assoc1ations coming within the description as set forth in section seven hundred and forty- nine of this subchapter, organized under the laws of the United States relating to said District, or of any State, country, province, or Territory, and now doing business in said _District, may continue such . Prweq- ml business: Provided, That they hereafter comply with the provisions EEcriiii1i)1i»ii>1$is1¤iiS. of this subchapter regulating annual reports and the designation of the superintendent of insurance of said District, provided for in subchapter five of this chapter, as the person upon w om process may be . served as hereinafter provided. atggvpgfggrg *’;j)S°‘{; Sec. 751. NONRESIDENT AssooIA*r1oNs._—Any_ such association comsieaéeremiomgbusi- ing within the description as set forth in section seven hundred and nm forty-nine of this subchapter, organized under the laws of any State, country, province, or Territory, and not now doing business in said District, shall be admitted to do business within said District when it shall have filed with the superintendent of insurance a duly certified