§ 748.121 — Purposes, operation and powers

Oregon § 748.121

• Jurisdiction: Oregon
• Vol.: 18
• Title 56: Insurance
• Ch. 748: Fraternal Benefit Societies

Text

(1) The purposes of a society, as specified in subsection (2) of this section, may be carried out directly by the society, or indirectly through subsidiary corporations or affiliated organizations.
(2) A society shall operate for the benefit of members and their beneficiaries by:
(a) Providing benefits as specified in ORS 748.201; and
(b) Operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic or religious purposes for the benefit of its members, which may also be extended to others.
(3) Every society shall have the power to adopt laws and rules for the government of the society, the admission of its members and the management of its affairs. It shall have the power to change, alter, add to or amend such laws and rules and shall have such other powers as are necessary and incidental to carrying into effect the objects and purposes of the society.

Legislative History

1987 c.490 §6