1. (a) A society organized or authorized to transact business under this subtitle is deemed to be a charitable and benevolent institution.
2. (b) The funds of a society organized or authorized to transact business under this subtitle are exempt from all taxes, except taxes on real estate and office equipment.

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.

Formerly Art. 48A, § 344.