58-37A-12. Nonprofit organization created by society. A society may create, maintain, and operate, or may establish organizations to operate, not for profit institutions to further the purposes permitted by § 58-37A-5. The institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held or leased by the society for this purpose shall be reported in the annual statement required by § 58-37A-26.
It is a Class 2 misdemeanor for a society to own or operate a funeral home or an undertaking establishment.
Source: SL 1990, ch 410, § 12.
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