Oregon § 63.473 Action on plan of conversion

Oregon Statutes

§ 63.473 — Action on plan of conversion

Oregon § 63.473

Vol.2

Title 7Corporations and Partnerships

Ch. 63Limited Liability Companies

This text of Oregon § 63.473 (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. § 63.473 (2026).

Text

(1)A plan of conversion shall be approved as follows:

(a)In the case of a limited liability company, by a majority vote of its members, or by a greater vote if required by its articles of organization or any operating agreement.

(b)In the case of a business entity other than a limited liability company, 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 limited liability company, without further action by the members, in accordance with the procedure set forth in the plan of conversion or, if none is set forth, in the manner determined by the managers.

(b)By a converting business entity that is not a l

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(1) A plan of conversion shall be approved as follows:
(a) In the case of a limited liability company, by a majority vote of its members, or by a greater vote if required by its articles of organization or any operating agreement.
(b) In the case of a business entity other than a limited liability company, 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 limited liability company, without further action by the members, in accordance with the procedure set forth in the plan of conversion or, if none is set forth, in the manner determined by the managers.
(b) By a converting business entity that is not a limited liability company, 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.