Oregon § 62.609 Action on plan of conversion

Oregon Statutes

§ 62.609 — Action on plan of conversion

Oregon § 62.609

Vol.2

Title 7Corporations and Partnerships

Ch. 62Cooperatives

This text of Oregon § 62.609 (Action on plan of conversion) 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. § 62.609 (2026).

Text

(1)A plan of conversion shall be approved by the business entity as follows:

(a)In the case of a cooperative, in the manner provided in ORS 62.619 (1)(a) for mergers; and

(b)In the case of a business entity other than a cooperative, as provided by the statutes governing that business entity.

(2)After a conversion is approved, and at any time before articles of conversion are filed, the planned conversion may be abandoned, subject to any contractual rights:

(a)By a cooperative, without further action by the members or shareholders, in accordance with the procedure set forth in the plan of conversion or, if none is set forth, in the manner determined by the board of directors.

(b)By another business entity that planned to convert to a cooperative, in accordance with the procedure set f

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(1) A plan of conversion shall be approved by the business entity as follows:
(a) In the case of a cooperative, in the manner provided in ORS 62.619 (1)(a) for mergers; and
(b) In the case of a business entity other than a cooperative, as provided by the statutes governing that business entity.
(2) After a conversion is approved, and at any time before articles of conversion are filed, the planned conversion may be abandoned, subject to any contractual rights:
(a) By a cooperative, without further action by the members or shareholders, in accordance with the procedure set forth in the plan of conversion or, if none is set forth, in the manner determined by the board of directors.
(b) By another business entity that planned to convert to a cooperative, in accordance with the procedure set forth in the plan of conversion or, if none is set forth, in the manner permitted by the statutes governing that business entity.