{"data":{"id":"us-or/ors-732.305","jurisdiction":"us-or","citation":"ORS 732.305","heading":"Board of directors; qualifications.","body":"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.","path":["18 - Financial Institutions, Insurance","56. Insurance","Chapter 732 — Organization and Corporate Procedures of Domestic Insurers; Regulation of Insurers Generally"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors732.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"5a294344f5b2ec7d10a84caf5299c8b7e5683e6f5b0cc1b84e7c2b546369b62f","source_id":"us-or","stale":false,"prev":"us-or/ors-732.250","next":"us-or/ors-732.310"},"notice":"GroundRules: Original legal text. Not legal advice."}