(1) Except as provided in subsection (2) of this section, the annual licensure fees to be paid by licensees of the Oregon State Bar shall be established by the Board of Governors of the Oregon State Bar, and each year notice of the proposed fees for the coming year shall be published and distributed to the licensees not later than 20 days before the annual meeting of the house of delegates. Any increase in annual licensure fees over the amount established for the preceding year must be approved by a majority of delegates of the house of delegates voting thereon at the annual meeting of the house of delegates. The board shall establish the date by which annual licensure fees must be paid.
(2) The board shall establish prorated licensure fees payable for the year that a licensee is admitted to the practice of law in this state. If the new licensee is admitted on or before the date established by the board for the payment of annual licensure fees under subsection (1) of this section, the new licensee must pay the full annual licensure fees established under subsection (1) of this section.
(3) In establishing annual licensure fees, the board shall consider and be guided by the anticipated financial needs of the state bar for the year for which the fees are established, time periods of licensure and active or inactive status of licensees. Annual licensure fees may include any amount assessed under any plan for professional liability insurance for active licensees engaged in the private practice of law whose principal offices are in Oregon as provided in ORS 9.080 (2).