... entity in its own right), unlimited in number, who join together to achieve a common financial, or social purpose or both. The members voluntarily bind themselves to rules which are capable of variation in the future, subject to a majority of such members agreeing. The distinctive features of a friendly society are as follows. * A financial benefit is payable according to a table of contributions and benefits designed to assist members upon the happening of specified contingencies or in adversity. * The rules engender a spirit of self-help and self-reliance and discourage dependence upon the state or charity. * Government of a society is by members, for members, subject to the rules which are devised by the members. * There exists equality between each member, subject to the rules, irrespective of the size of a member's individual stake in the society. One member, one vote. * The rules provide ...

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