2003 Regular Session
By: Representative Stevens, Chism, Dedeaux, Eads, Formby, Ketchings, Masterson, Montgomery (74th), Robinson (63rd), Robinson (84th), Simpson
AN ACT TO AMEND SECTION 83-30-53, MISSISSIPPI CODE OF 1972, TO REVISE THE LICENSE TERM OF LARGER FRATERNAL BENEFIT SOCIETIES AND TO CLARIFY THE FEES FOR SUCH LICENSE OR RENEWAL; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 83-30-53, Mississippi Code of 1972, is amended as follows:
83-30-53. Societies which are now authorized to transact business in this state may continue such business until the first day of January next succeeding July 1, 2003, and the authority of such societies may hereafter be renewed annually, but in all cases to terminate on the first day of the succeeding January. However, a license so issued shall continue in full force and effect until the new license is issued or specifically refused. For each such license or renewal the society shall pay the commissioner the fees prescribed in Sections 27-15-83 and 83-5-75. * * *
SECTION 2. This act shall take effect and be in force from and after July 1, 2003.