Oregon Statutes 748.123 – Membership; eligibility; admission process; privileges
(1) A society shall specify in its laws or rules:
Terms Used In Oregon Statutes 748.123
- Laws: means the society's articles of incorporation, constitution and bylaws, however designated. See Oregon Statutes 748.103
- Rules: means all rules, regulations or resolutions adopted by the supreme governing body or board of directors which are intended to have general application to the members of the society. See Oregon Statutes 748.103
- Society: means fraternal benefit society, unless otherwise indicated. See Oregon Statutes 748.103
(a) Eligibility standards for each and every class of membership, provided that, if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than 15 years of age and not greater than 21 years of age;
(b) The process for admission to membership for each membership class; and
(c) The rights and privileges of each membership class, provided that only benefit members shall have the right to vote on the management of the insurance affairs of the society.
(2) A society may also admit social members who shall have no voice or vote in the management of the insurance affairs of the society.
(3) Membership rights in the society are personal to the member and are not assignable. [1987 c.490 § 7]
[1987 c.490 § 42; 1989 c.413 § 18; repealed by 1991 c.182 § 20]
ORGANIZATIONAL AND ADMINISTRATIVE PROVISIONS