Delaware § 5502 - “Mutual benefit association” defined.
Full text of Delaware Delaware Code § 5502 — “Mutual benefit association” defined., with citation guidance and answers to common questions.
§ 5502. “Mutual benefit association” defined.
As used in this chapter:
(1) “Association” means a mutual benefit association as defined in this section.
(2) “Mutual benefit association” means a corporation, society, order or association which has no capital stock, which issues certificates of membership providing for payment of benefits in case of sickness, disability or death of its members and which accumulates funds by the collection of fees or dues from its members, at either stated or irregular intervals, with which to discharge its liabilities on its membership certificates and with which to pay the administrative expenses, but fraternal benefit societies as defined in Chapter 62 of this title shall not be deemed to be mutual benefit associations.
18 Del. C. 1953, § 5502; 56 Del. Laws, c. 380, § 1;Frequently Asked Questions About Delaware § 5502
What does Delaware Code § 5502 cover?
Section 5502 ("“Mutual benefit association” defined.") is part of the Delaware Code, the codified statutory law of Delaware. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Delaware § 5502?
A common citation format is "Delaware Code § 5502" (Delaware). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Delaware law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Delaware official source linked on this page or consult a licensed Delaware attorney.
How does Delaware § 5502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Delaware can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Delaware.