Any regularly incorporated fraternal beneficiary society shall, on application of its governing body, be permitted to transfer its membership to any other society doing business in this state, and such membership may be accepted without restriction, upon age limit and without new medical examination on the part of the membership so transferred where the entrance age limit of fifty-five (55) years and a medical examination was required and made by the society so transferring its membership.
R.L.1910, § 1476.