§ 24-A §4103 — Representative form of government defined

Maine § 24-A §4103

• Jurisdiction: Maine
• Title 24-A: MAINE INSURANCE CODE
• Ch. 55: FRATERNAL BENEFIT SOCIETIES

Text

A society shall be deemed to have a representative form of government when:
1.
It provides in its constitution or laws for a supreme legislative or governing body, composed of representatives elected either by the members or by delegates elected directly or indirectly by the members, together with such other members of such body as may be prescribed by the society's constitution and laws;
2.
The representatives elected constitute a majority in number and have not less than 2/3 of the votes nor less than the votes required to amend its constitution and laws;
3.
The meetings of the supreme legislative or governing body and the election of officers, representatives or delegates are held as often as once in 4 calendar years;
4.
The society has a board of directors charged with the responsibility for managing its affairs in the interim between meetings of its supreme legislative or governing body, subject to control by such body and having powers and duties delegated to it in the constitution or laws of the society;
5.
Such board of directors is elected by the supreme legislative or governing body, except in case of filling a vacancy in the interim between meetings of such body;
6.
The officers are elected either by the supreme legislative governing body or by the board of directors; and
7.
The members, officers, representatives or delegates shall not vote by proxy.

Legislative History

PL 1969, c. 132, §1 (NEW).