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Chapter 315
Section 315.40
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This is an historical version of this statute chapter. Also view the most recent published version.
315.40 EMPLOYEE BENEFITS.
A religious society, religious association, or religious corporation may, when authorized by
its members, support and pay benefits to its ministers, teachers, and other employees, or those of a
congregation or educational, benevolent, charitable, or other body affiliated with it or under its
jurisdiction; pay benefits to their surviving spouse, children, or other dependents or beneficiaries;
collect contributions and other payments; and create, invest, manage, and disburse necessary
endowment, reserve, and other funds for these purposes.
The insurance laws of this state do not apply to the operations of a society, association
or corporation under this section.
History: (8002-4) 1929 c 180; 1985 c 265 art 5 s 1; 1986 c 444
A religious society, religious association, or religious corporation may, when authorized by
its members, support and pay benefits to its ministers, teachers, and other employees, or those of a
congregation or educational, benevolent, charitable, or other body affiliated with it or under its
jurisdiction; pay benefits to their surviving spouse, children, or other dependents or beneficiaries;
collect contributions and other payments; and create, invest, manage, and disburse necessary
endowment, reserve, and other funds for these purposes.
The insurance laws of this state do not apply to the operations of a society, association
or corporation under this section.
History: (8002-4) 1929 c 180; 1985 c 265 art 5 s 1; 1986 c 444
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Revisor of Statutes