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HOUSE DOCKET, NO. 244 FILED ON: 1/11/2023
HOUSE . . . . . . . . . . . . . . . No. 1100
The Commonwealth of Massachusetts
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PRESENTED BY:
Mathew J. Muratore
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act to adjust non-profit fraternal benefit societies' investment restrictions.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Mathew J. Muratore1st Plymouth1/10/2023 1 of 1
HOUSE DOCKET, NO. 244 FILED ON: 1/11/2023
HOUSE . . . . . . . . . . . . . . . No. 1100
By Representative Muratore of Plymouth, a petition (accompanied by bill, House, No. 1100) of
Mathew J. Muratore relative to non-profit fraternal benefit societies' investment restrictions.
Financial Services.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act to adjust non-profit fraternal benefit societies' investment restrictions.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 Section 40 of chapter 176 of the General Laws, as appearing in the 2022 Official Edition,
2is hereby amended by striking out, in line 41, the words “twenty-five percent of such excess” and
3inserting in place thereof the following words:- 10 percent of assets.