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2017 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 060 - Private Corporations
Section 60.467 - Bylaw increasing quorum or voting requirement for directors.
Universal Citation: OR Rev Stat § 60.467 (2017)
(1) A bylaw provision that fixes a greater quorum or voting requirement for the board of directors may be amended or repealed: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that fixes a greater quorum or voting requirement for the board of directors may provide that it may be amended or repealed only by a specified vote of either the shareholders or the board of directors.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]
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