44. To qualify as an exempt organization other than a church or an employees’ qualified pension or profit-sharing trust, the applicant

a. Cannot operate under the “lodge system” under which payments are made to its members for sick benefits.

b. Need not be specifically identified as one of the classes on which exemption is conferred by the Internal Revenue Code, provided that the organization’s purposes and activities are of a nonprofit nature.

c. Is barred from incorporating and issuing capital stock.

d. Must file a written application with the Internal Revenue Service.