Each company shall provide in its constitution, laws or bylaws for:
1. A representative form of government for the management of the company, to be carried on either with or without a lodge, or with membership in the lodge optional;
2. A legislative or governing body composed of its officers and representatives to be elected either by the adult members or by delegates elected directly or indirectly by the adult members; and
3. The manner of selecting representatives of the members for membership in its legislative body.
Code 1950, § 38-479; 1952, c. 317, § 38.1-504; 1986, c. 562.