Known as the Oregon Nonprofit Corporation Act
The act spans §§ 65–65 (202 sections).
Applied in 1 court decision — leading case 281 Or. App. 706 - DiNicola v. Service Employees International Union, Local 503 (2016)
Most recently applied in 281 Or. App. 706 - DiNicola v. Service Employees International Union, Local 503 (October 2016)
1989 c.1010 §70; 2019 c.174 §51
(1) Each corporation must have a board of directors.
(2) The board of directors shall exercise, or delegate or otherwise authorize the exercise of, all corporate powers and shall direct the management of the corporation’s affairs, subject to any limitation set forth in the articles of incorporation. The board of directors shall retain authority over an exercise of corporate powers that the board delegates or authorizes under this section.
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.