Known as the Oregon Business Corporation Act
The act spans §§ 60–60 (245 sections).
Applied in 4 court decisions — leading case Chesterman v. Barmon (1988)
Most recently applied in Necanicum Investment Co. v. Employment Department (July 2008)
1987 c.52 §68; 1993 c.403 §4
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
(1) Each corporation shall have a board of directors.
(2) All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, the board of directors, subject to any limitation set forth in the articles of incorporation or in an agreement authorized by ORS 60.265.
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.