There Is a Newer Version
of
the Oregon Revised Statutes
2011 Oregon Revised Statutes
ORS Volume 2, Chapters 56 - 89
ORS Chapter 65
65.331 Removal of designated or appointed directors.
Universal Citation:
OR Rev Stat § 65.331 (through Leg Sess 2011)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
(1) A designated director may be removed by an amendment to the articles or bylaws deleting or changing the designation.
(2) If a director is appointed:
(a) Except as otherwise provided in the articles or bylaws, the director may be removed with or without cause by the person appointing the director;
(b) The person removing the director shall do so by giving written notice of the removal to the director and either the presiding officer of the board or the corporation s president or secretary; and
(c) A removal is effective when the notice is effective under ORS 65.034 unless the notice specifies a future effective date. [1989 c.1010 78]
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