Unless the articles of incorporation or bylaws provide otherwise, the board of directors may fix the compensation of directors.
(Meetings and Action of Board)
Known as the Oregon Business Corporation Act
The act spans §§ 60–60 (245 sections).
Applied in 1 court decision — leading case Necanicum Investment Co. v. Employment Department (2008)
Most recently applied in Necanicum Investment Co. v. Employment Department (July 2008)
1987 c.52 §78
Unless the articles of incorporation or bylaws provide otherwise, the board of directors may fix the compensation of directors.
(Meetings and Action of Board)
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.