Oregon § 60.454 Amendment pursuant to reorganization

Oregon Statutes

§ 60.454 — Amendment pursuant to reorganization

Oregon § 60.454

Vol.2

Title 7Corporations and Partnerships

Ch. 60Private Corporations

This text of Oregon § 60.454 (Amendment pursuant to reorganization) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 60.454 (2026).

Text

(1)A corporation’s articles of incorporation may be amended without action by the board of directors or shareholders to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute if the articles of incorporation after amendment contain only provisions required or permitted by ORS 60.047.

(2)The individual or individuals designated by the court shall deliver to the office for filing articles of amendment setting forth:

(a)The name of the corporation;

(b)The text of each amendment approved by the court;

(c)The date of the court’s order or decree approving the articles of amendment;

(d)The title of the reorganization proceeding in which the order or decree was entered; and

(e)A statement that the court had jurisdiction of the procee

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(1) A corporation’s articles of incorporation may be amended without action by the board of directors or shareholders to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute if the articles of incorporation after amendment contain only provisions required or permitted by ORS 60.047.
(2) The individual or individuals designated by the court shall deliver to the office for filing articles of amendment setting forth:
(a) The name of the corporation;
(b) The text of each amendment approved by the court;
(c) The date of the court’s order or decree approving the articles of amendment;
(d) The title of the reorganization proceeding in which the order or decree was entered; and
(e) A statement that the court had jurisdiction of the proceeding under federal statute.
(3) Shareholders of a corporation undergoing reorganization do not have dissenters’ rights except as and to the extent provided in the reorganization plan.
(4) This section does not apply after entry of a final decree in the reorganization proceeding even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan.