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Oregon Revised Statutes

Or. Rev. Stat. § 732.305 (2026)

Board of directors; qualifications

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      732.305 Board of directors; qualifications. A domestic insurer may not have fewer than five directors. A director need not be a shareholder or member of the insurer unless the articles of incorporation so require, but a director must be 21 years of age or older. At least five or one-quarter of the directors, whichever is fewer, must be residents of this state. A majority of directors must be persons who are not salaried officers of the insurer. [1967 c.359 §174; 1997 c.771 §18; 2007 c.433 §1]

 

      732.310 [1967 c.359 §175; repealed by 1987 c.846 §19]

 

      732.315 [Formerly 738.200; repealed by 1983 c.24 §1]

Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2021–2021 · leading case: Dalbeck v. Bi-Mart Corp., 500 P.3d 711 (Or. Ct. App. 2021).
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Dalbeck v. Bi-Mart Corp., 500 P.3d 711 (Or. Ct. App. 2021). · cites it 2× “085; ORS 732.305; ORS 742.490 (1)(c); ORS 555.”
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