2011 Oregon Revised Statutes
ORS Volume 2, Chapters 56 - 89
ORS Chapter 60
60.251 Voting for directors.
(1) Unless otherwise provided in the articles of incorporation, directors are elected by a plurality of the votes cast by the shares entitled to vote in the election at a meeting at which a quorum is present.
(2) Shareholders do not have a right to cumulate their votes for directors unless the articles of incorporation so provide.
(3) A statement included in the articles of incorporation that all shareholders are entitled to cumulate their votes for directors, a designated voting group of shareholders are entitled to cumulate their votes for director or words of similar import means that the shareholders designated are entitled to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote and cast the product for a single candidate or distribute the product among two or more candidates. [1987 c.52 64; 1993 c.403 3]
(Voting Trusts and Agreements)
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.
