The Hungarian Order of the Dragon is currently registered at the High Court of Budapest as The Imperial and Royal Dragon Court and Order - Ordo Draconis, Sárkány Rend, 1408. The Grand Chancellor is Chev. Dr. Gyorgy von varhegyi Lehr, Count of Oberberg, with Inner Court members including HRH Prince Michael of Albany, Head of the Royal House of Stewart, Grand Duke Peter Galicin of Carpathia and Baron Wodiank Zoltan Nemessary. Bishop Bela Csernak is the Grand Prior in Transylvania and Chev. Baron Andreas G. von Lehr the Grand Prior in Germany. Other notable members are Count Monsignor Laszlo Esterházy, Chev. Count Dr Janos szeki Teleki and Chev. Monsignor Laszlo von galantal Esterházy, Papal Chaplain, Provost Parochus of the Mariaremete Cathedral in Budapest. In the English speaking world the Order resides within the Protectorate of the Royal House of Stewart, with the Grand Prior in Britain being Chev. Dr. Andrew von Zsigmond, Baron de Lemhény, of the Hungarian Consulate.

Long afterwards, on 13 December 1408 (when Britain was in her Plantagenet era), the fraternal aspect of the Dragon Court was formally reconstituted by King Szigmond von Luxembourg of Hungary at a time of wars and general political turmoil. Having inherited the ancient legacy in 1397, he drew up a pact with twenty-three royals and nobles who swore to observe 'true and pure fraternity' within the 'Societas Draconis' (Society of the Dragon) - a style which later became "Ordo Draconis" (Hungarian: Sárkány Rend - Order of the Dragon), although the Court was by no means a conventional Order in the recognized chivalric sense.

Along with Szigmond (Sigismund), other officers of the Court were his second wife Barbara Cilli (daughter of Duke Hermann II of Styria) and their daughter Elizabeth, thereby achieving an traditional overall standard of twenty-six members. Others prominent in the Societas Draconis were King Vladislav Jagello of Poland, King Alfonse V of Aragon, Grand Prince Vitovd of Lithuania, and Duke Ernst of Austria, along with Christopher III, Duke of Bavaria and King of Denmark, Sweden and Norway. Later, in 1439, Thomas de Mowbray, England's Duke of Norfolk, was admitted to the Order.

In those days, the main concern of the Order was to help protect regional Europe against the invading sultans of the expanding Ottoman Empire. Modern historical writers are often inclined to perceive these Turkish invasions as being a matter of Muslims against Christians, but that was not the crux of the matter. The reality was that the Turks, like others before and after them, were building an 'empire' and their greatest obstacle was the long-existing Byzantine Empire established by Rome, to which much of the Balkan region had been in some way affiliated. In practice, the religious differences were of secondary consequence and, in any event, Christianity was by no means supreme in countries like Hungary and Romania, which supported a strong pagan contingent.

It is in this tradition of weighing governmental and religious balances that The Imperial and Royal Dragon Court and Order persists today. It provides a fraternal rallying standard for those of all creeds and cultures who are dedicated to preserving the rights and values of others.