BENEFIT SOCIETIES
\bˈɛnɪfˌɪt səsˈa͡ɪ͡ətɪz], \bˈɛnɪfˌɪt səsˈaɪətɪz], \b_ˈɛ_n_ɪ_f_ˌɪ_t s_ə_s_ˈaɪə_t_ɪ_z]\
Definitions of BENEFIT SOCIETIES
Sort: Oldest first
-
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 Massachusetts. 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. v. Equitable Ben. Ass'n. 137 Pa. 412, 18 Atl. 1112; Com. v. Aid Ass'n, 94 Pa. 489.
By Henry Campbell Black