§ 26-29-203 — Representative form of government

Wyoming § 26-29-203

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 29: FRATERNAL BENEFIT SOCIETIES

Text

(a) A society has a representative form of government
when:
(i) It has a supreme governing body constituted in
one of the following ways:
(A) The supreme governing body is an assembly
composed of delegates elected directly by the members or at
intermediate assemblies or conventions of members or their
representatives, together with other delegates as may be
prescribed in the society's laws. A society may provide for
election of delegates by mail. The elected delegates shall
constitute a majority in number and shall not have less than a
majority of the votes and shall have not less than two-thirds
(2/3) of the vote and not less than the number of votes required
to amend the society's laws. The assembly shall be elected and
shall meet at least once every four (4) years and shall elect a
board of directors to conduct the business of the society
between meetings of the assembly. Vacancies on the board of
directors between elections may be filled in the manner
prescribed by the society's laws;
(B) The supreme governing body is a board
composed of persons elected by the members, either directly or
by their representatives in intermediate assemblies, and any
other persons prescribed in the society's laws. A society may
provide for election of the board by mail. Each term of a board
member may not exceed four (4) years. Vacancies on the board
between elections may be filled in the manner prescribed by the
society's laws. Those persons elected to the board shall
constitute a majority in number and not less than the number of
votes required to amend the society's laws. A person filling
the unexpired term of an elected board member shall be
considered to be an elected member. The board shall meet at
least quarterly to conduct the business of the society.
(ii) The officers of the society are elected either
by the supreme governing body or by the board of directors;
(iii) Only benefit members are eligible for election
to the supreme governing body, the board of directors or any
intermediate assembly; and
(iv) Each voting member shall have one (1) vote, and
no vote may be cast by proxy.