The laws of the society may provide that no subordinate body, nor any of its subordinate officers or members shall have the power or authority to waive any of the provisions of the laws of the society. This provision shall be binding on the society and every member and beneficiary of a member. [1987 c.490 § 11]

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Terms Used In Oregon Statutes 748.139

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Laws: means the society's articles of incorporation, constitution and bylaws, however designated. See Oregon Statutes 748.103
  • Society: means fraternal benefit society, unless otherwise indicated. See Oregon Statutes 748.103

 

[Formerly 740.100; repealed by 1987 c.490 § 58]