Masonic Aid Ass'n v. Taylor

Citations

• 2 S.D. 324
• 50 N.W. 93
• 1891 S.D. LEXIS 32

Syllabus

<p>1. An association organized under the general incorporation laws of the state, the principal object and functions of which are to secure to each member thereof the payment on his death, to his ben efteiary or representative, of a certain sum of money, subject to the fulfillment of the conditions imposed by the charter and by-laws, is essentially a life insurance company, and the relations between such companies and the members are purely business relations, based upon contract.</p> <p>2. The fact that such an association restricts its membership to persons be longing to, and in good standing in, a fraternal or benevolent society known as “Free and Accepted Masons,” under 50 years of age, does not make it a secret, benevolent, or fraternal society, and does not bring it within the proviso to Section 53 of the insurance laws of the state.</p> <p>(Syllabus by the Court.</p>