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ORS 60.561

Known as the Oregon Business Corporation Act

The act spans §§ 60–60 (245 sections).

Applied in 2 court decisions — leading case Stringer v. Car Data Systems, Inc. (1992)

Most recently applied in Stringer v. Car Data Systems, Inc. (November 1992)

1987 c.52 §127; 2015 c.28 §6

(1) If a proposed corporate action that creates dissenters’ rights under ORS 60.554 is submitted to a vote at a shareholders’ meeting, the meeting notice must state that shareholders are or may be entitled to assert dissenters’ rights under ORS 60.551 to 60.594 and a copy of ORS 60.551 to 60.594 must accompany the notice.

(2) If a corporate action that creates dissenters’ rights under ORS 60.554 is taken without approval of the shareholders, the corporation shall notify in writing all shareholders entitled to assert dissenters’ rights that the action was taken and send the shareholders entitled to assert dissenters’ rights the dissenters’ notice described in ORS 60.567.

Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.