Yeomen Mutual Life Insurance v. Murphy

The Brotherhood of American Yeomen” was organized as a fraternal beneficiary association in 1897 and its articles recited that the incorporators “associate themselves as a body corporate in law for the purpose of perpetuating a fraternal beneficiary society under the provisions of chapter 21, Acts of the 26th General Assembly, for the sole benefit of its members and their beneficiaries and not for profit. ’ ’ There were certain amendments to the articles of incorporation, at various times up to May 1,1932, none of which changed the character of the association and practically all of them had…