2011 Oregon Revised Statutes
ORS Volume 2, Chapters 56 - 89
ORS Chapter 60
60.467 Bylaw increasing quorum or voting requirement for directors.
(1) A bylaw provision that fixes a greater quorum or voting requirement for the board of directors may be amended or repealed:
(a) If the provision was originally adopted by the shareholders, only by the shareholders; or
(b) If the provision was originally adopted by the board of directors, either by the shareholders or by the board of directors.
(2) A bylaw provision adopted or amended by the shareholders that fixes a greater quorum or voting requirement for the board of directors may provide that it may be amended or repealed only by a specified vote of either the shareholders or the board of directors. [1987 c.52 114; 1989 c.1040 26]
CONVERSION, MERGER AND SHARE EXCHANGE
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
