2019 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 062 - Cooperatives
Section 62.251 - Notice to directors, members and shareholders.
(1) Notice under this chapter must be in writing unless the articles of incorporation or bylaws permit oral notice under specific circumstances. Notice by electronic transmission, other than oral notice delivered by electronic transmission, is in writing.
(2)(a) Notice in writing may be delivered by hand, by mail or by another delivery method. Oral notice may be delivered in person, by telephone or by electronic transmission.
(b) If delivery as described in paragraph (a) of this subsection is not practicable, notice may be communicated in a newspaper of general circulation in the county in which the registered office of the cooperative is located, or by radio, television or another form of broadcast communication.
(3) A cooperative shall give a notice required under this chapter to the cooperative’s directors, members and shareholders in writing. A cooperative’s or foreign cooperative’s notice to a director, member or shareholder is effective, if the notice is in a comprehensible form:
(a) Upon deposit in the United States mail, if the notice is mailed postpaid and is correctly addressed to the director’s, member’s or shareholder’s address, as shown in the cooperative’s current record of director, member and shareholder addresses; or
(b) When communicated to the director, member or shareholder by electronic transmission using a method that the director, member or shareholder authorizes in writing.
(4) Written notice to a cooperative, or foreign cooperative that is authorized to do business in this state under this chapter, may be addressed to the cooperative’s or foreign cooperative’s registered agent at the registered agent’s office or to an officer of the cooperative at the cooperative’s principal office or at the mailing address shown for the cooperative in the cooperative’s records.
(5) Unless the articles of incorporation or bylaws provide otherwise, written notice to a person other than a director, member or shareholder is effective:
(a) When received;
(b) Five days after deposit in the United States mail, as shown by the postmark on the notice, if the notice is mailed postpaid and correctly addressed; or
(c) On the date shown on a return receipt, if the notice is sent by registered or certified mail with return receipt requested and if the addressee or a representative of the addressee signs the return receipt.
(6) Oral notice is effective when communicated, if communicated in a comprehensible manner.
(7)(a) To the extent that a section of this chapter prescribes notice requirements for particular circumstances that differ from the requirements set forth in this section, the notice requirements for the particular circumstances control over the notice requirements set forth in this section.
(b) To the extent that the articles of incorporation or bylaws prescribe notice requirements that are consistent with this section, the notice requirements in the articles of incorporation or bylaws control over the notice requirements set forth in this section. [2015 c.113 §2]
