United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 24-A, § 4112: Institutions, 1969

A society may operate charitable, benevolent, or educational institutions, but must keep separate accounts, report property and related income in annual statements, and may not run funeral homes or undertaking…

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Jurisdiction: United States — Maine
Structure: 1 provisions
Official identity: Year 1969
Dates: Enacted 1969 · Source version 1 Oct 2025

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Dates: Enacted 1969 · Source version 1 Oct 2025

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“A society may operate charitable, benevolent, or educational institutions, but must keep separate accounts, report property and related income in annual statements, and may not run funeral homes or undertaking establishments.”

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Enacted 1969 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.
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Institutions

Section 4112

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Source record from legislature.maine.gov · Enacted 1969 · Source version 1 Oct 2025

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§ 4112InstitutionsProvision

Source excerpt

It shall be lawful for a society to create, maintain and operate charitable, benevolent or educational institutions for the benefit of its members and their families and dependents and for the benefit of children insured by the society. For such purpose it may own, hold or lease personal property or real property located within or without this State, with necessary buildings thereon. Such property shall be reported in every annual statement but shall not be allowed as an admitted asset of such society. [PL 1969, c. 132, §1 (NEW).] Maintenance, treatment and proper attendance in any such institution may be furnished free or a reasonable charge may be made therefor, but no such institution shall be operated for profit. The society shall maintain a separate accounting of any income and disbursements under this section and report them in its annual statement. No society shall own or operate funeral homes or undertaking establishments. [PL 1969, c. 132, §1 (NEW).]

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1 Oct 2025 · currentEnglish

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