ORS Chapter 60

Chapter 60 — PrivateCorporations

2009 EDITION

PRIVATECORPORATIONS

CORPORATIONSAND PARTNERSHIPS

GENERALPROVISIONS

(Definitions)

60.001 Definitions

(FilingDocuments)

60.004 Filingrequirements

60.007 Filing,service, copying and certification fees

60.011 Effectivetime and date of document

60.014 Correctingfiled document

60.016 Forms;rules

60.017 Filingduty of Secretary of State

60.021 Appealfrom Secretary of State’s refusal to file document

60.024 Evidentiaryeffect of copy of filed document

60.027 Certificateof existence or authorization

(Secretaryof State)

60.031 Powers

(Notice)

60.034 Notice

INCORPORATION

60.044 Incorporators

60.047 Articlesof incorporation

60.051 Incorporation

60.054 Liabilityfor preincorporation transactions

60.057 Organizationof corporation

60.061 Bylaws

60.064 Emergencybylaws

PURPOSESAND POWERS

60.074 Purposes

60.077 Generalpowers

60.081 Emergencypowers

60.084 Validityof corporate acts

NAME

60.094 Corporatename

60.097 Reservedname

60.101 Registeredname

OFFICEAND AGENT

60.111 Registeredoffice and registered agent

60.114 Changeof registered office or registered agent

60.117 Resignationof registered agent

60.121 Serviceon corporation

SHARESAND DISTRIBUTIONS

(Shares)

60.131 Authorizedshares

60.134 Termsof class or series determined by board of directors

60.137 Issuedand outstanding shares

60.141 Fractionalshares

(Issuanceof Shares)

60.144 Subscriptionfor shares before incorporation

60.147 Issuanceof shares

60.151 Liabilityof shareholders

60.154 Sharedividends

60.157 Sharerights, options and warrants

60.161 Formand content of certificates

60.164 Shareswithout certificates

60.167 Restrictionon transfer of shares and other securities

60.171 Expenseof issue

(SubsequentAcquisition of Shares by Shareholders and Corporation)

60.174 Preemptiverights of shareholders

60.177 Corporation’sacquisition of its own shares

(Distributions)

60.181 Distributionsto shareholders

SHAREHOLDERS

(Meetings)

60.201 Annualmeeting

60.204 Specialmeeting

60.207 Court-orderedmeeting

60.209 Meetingchairperson; closing of polls

60.211 Actionwithout meeting

60.214 Noticeof meeting

60.217 Waiverof notice

60.219 Adjournmentof meeting

60.221 Recorddate

60.222 Participationat meeting

60.223 Meetinginspectors; duties

(Voting)

60.224 Shareholders’list for meeting

60.227 Votingentitlement of shares

60.231 Proxies

60.234 Sharesheld by nominees

60.237 Corporations’acceptance of votes

60.241 Quorumand voting requirements for voting groups

60.244 Actionby single and multiple voting groups

60.247 Modificationof quorum or voting requirements

60.251 Votingfor directors

(VotingTrusts and Agreements)

60.254 Votingtrusts

60.257 Votingagreements

(DerivativeProceedings)

60.261 Derivativeproceedings

(ShareholderAgreements)

60.265 Validityof shareholder agreements inconsistent with chapter; purposes; notice ofagreement; effect on liability

DIRECTORSAND OFFICERS

(Boardof Directors)

60.301 Requirementfor and duties of board of directors

60.304 Qualificationsof directors

60.307 Numberand election of directors

60.311 Electionof directors by certain classes of shareholders

60.314 Termsof directors generally

60.317 Staggeredterms for directors

60.321 Resignationof directors

60.324 Removalof directors by shareholders

60.327 Removalof directors by judicial proceeding

60.331 Vacancyon board