Oregon § 60.461 Amendment or repeal by board of directors or shareholders

Oregon Statutes

§ 60.461 — Amendment or repeal by board of directors or shareholders

Oregon § 60.461

Vol.2

Title 7Corporations and Partnerships

Ch. 60Private Corporations

This text of Oregon § 60.461 (Amendment or repeal by board of directors or shareholders) 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. § 60.461 (2026).

Text

(1)A corporation’s board of directors may amend or repeal the corporation’s bylaws unless:

(a)The articles of incorporation or this chapter reserve this power exclusively to the shareholders in whole or in part; or

(b)The shareholders in amending or repealing a particular bylaw provide expressly that the board of directors may not amend or repeal that bylaw.

(2)A corporation’s shareholders may amend or repeal the corporation’s bylaws even though the bylaws may also be amended or repealed by its board of directors.

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(1) A corporation’s board of directors may amend or repeal the corporation’s bylaws unless:
(a) The articles of incorporation or this chapter reserve this power exclusively to the shareholders in whole or in part; or
(b) The shareholders in amending or repealing a particular bylaw provide expressly that the board of directors may not amend or repeal that bylaw.
(2) A corporation’s shareholders may amend or repeal the corporation’s bylaws even though the bylaws may also be amended or repealed by its board of directors.