(2) No amendment to the laws of any domestic society shall take effect unless approved by the Director of the Department of Consumer and Business Services. The director shall approve the amendment if the director finds that it has been duly adopted and is not inconsistent with any requirement of the laws of this state or with the character, objects and purposes of the society. Unless the director shall disapprove any such amendment within 60 days after the filing, the amendment shall be considered approved. The approval or disapproval of the director shall be in writing and mailed to the secretary or corresponding officer of the society at its principal office. In case the director disapproves the amendment, the reasons shall be stated in the written notice.
(3) Within 90 days from the approval by the director, all such amendments, or a synopsis thereof, shall be furnished to all members of the society either by mail or by publication in full in the official publication of the society. The affidavit of any officer of the society or of anyone authorized by it to mail any amendments, or synopses thereof, stating facts which show that the amendments have been duly addressed and mailed, shall be prima facie evidence that the amendments, or synopsis thereof, have been furnished to the addressee.
(4) Every foreign or alien society authorized to do business in this state shall file with the director a duly certified copy of all amendments of, or additions to, its laws within 90 days after the enactment of the amendments.
(5) Printed copies of the laws as amended, certified by the secretary or corresponding officer of the society, shall be prima facie evidence of the legal adoption thereof. [1987 c.490 ยง12]
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.