(1) It has a supreme governing body constituted as:
(a) An assembly composed of delegates elected directly by the members or at intermediate assemblies or conventions of members or their representatives, together with other delegates as may be prescribed in the society’s laws. A society may provide for election of delegates by mail. The elected delegates shall constitute a majority in number and shall not have less than two-thirds of the votes and not less than the number of votes required to amend the society’s laws. The assembly shall be elected and shall meet at least once every four years and shall elect a board of directors to conduct the business of the society between meetings of the assembly. Vacancies on the board of directors between elections may be filled in the manner prescribed by the society’s laws; or
(b) A board composed of persons elected by the members, either directly or by their representatives in intermediate assemblies, and any other persons prescribed in the society’s laws. A society may provide for election of the board by mail. Each term of a board member may not exceed four years. Vacancies on the board between elections may be filled in the manner prescribed by the society’s laws. Those persons elected to the board shall constitute a majority in number and not less than the number of votes required to amend the society’s laws. A person filling the unexpired term of an elected board member shall be considered to be an elected member. The board shall meet at least quarterly to conduct the business of the society;
(2) The officers of the society are elected either by the supreme governing body or by the board of directors;
(3) Only benefit members are eligible for election to the supreme governing body and the board of directors; and
(4) Each voting member has one vote. No vote may be cast by proxy. [1987 c.490 §5]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 748 - Fraternal Benefit Societies
Section 748.103 - Definitions.
Section 748.109 - Conditions constituting "operating on a lodge system."
Section 748.112 - Conditions constituting "representative form of government."
Section 748.121 - Purposes, operation and powers.
Section 748.123 - Membership; eligibility; admission process; privileges.
Section 748.130 - Principal office; publications; annual statement synopsis; complaints.
Section 748.142 - Amendment of society laws.
Section 748.144 - Creation and operation of other organizations and entities.
Section 748.148 - Consolidation and merger.
Section 748.171 - Certificate of authority.
Section 748.174 - Certificate of authority for foreign or alien society.
Section 748.184 - Reinsurance.
Section 748.204 - Beneficiaries.
Section 748.211 - Benefit contract; certificate.
Section 748.309 - Group membership; lodges.
Section 748.316 - Payments for group benefits.
Section 748.401 - Value of benefit and amount of options.
Section 748.403 - Standards of valuation for certificates.
Section 748.406 - Financial statement; filing; fee; valuation.
Section 748.409 - Assets of society; variable contracts.
Section 748.501 - Examination.
Section 748.601 - Exemptions from chapter.