Oregon § 65.314 Terms of directors generally

Oregon Statutes

§ 65.314 — Terms of directors generally

Oregon § 65.314

Vol.2

Title 7Corporations and Partnerships

Ch. 65Nonprofit Corporations

This text of Oregon § 65.314 (Terms of directors generally) 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. § 65.314 (2026).

Text

(1)A corporation’s articles of incorporation or bylaws may specify the terms of directors. Except for designated directors or appointed directors, the terms of directors may not exceed five years. In the absence of any term specified in the articles of incorporation or bylaws, the term of each director is one year. Directors may be elected for successive terms.

(2)A decrease in the number of directors or term of office does not shorten an incumbent director’s term.

(3)Except as provided in the articles of incorporation or bylaws:

(a)The term of a director filling a vacancy in the office of an elected director expires at the next election of directors; and

(b)The term of a director filling any other vacancy expires at the end of the unexpired term that the director is filling.

(4)Desp

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A corporation’s articles of incorporation or bylaws may specify the terms of directors. Except for designated directors or appointed directors, the terms of directors may not exceed five years. In the absence of any term specified in the articles of incorporation or bylaws, the term of each director is one year. Directors may be elected for successive terms.
(2) A decrease in the number of directors or term of office does not shorten an incumbent director’s term.
(3) Except as provided in the articles of incorporation or bylaws:
(a) The term of a director filling a vacancy in the office of an elected director expires at the next election of directors; and
(b) The term of a director filling any other vacancy expires at the end of the unexpired term that the director is filling.
(4) Despite the expiration of a director’s term, the director continues to serve until the director’s successor is elected, designated or appointed and qualifies, or until there is a decrease in the number of directors.