Oregon § 70.530 Action on plan of merger

Oregon Statutes

§ 70.530 — Action on plan of merger

Oregon § 70.530

Vol.2

Title 7Corporations and Partnerships

Ch. 70Limited Partnerships

This text of Oregon § 70.530 (Action on plan of merger) 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. § 70.530 (2026).

Text

(1)A plan of merger shall be approved by each business entity that is a party to the merger, as follows:

(a)In the case of a limited partnership, by all the partners, unless a lesser vote is provided for in the certificate of limited partnership or, in the case of a foreign limited partnership, by the law of the jurisdiction in which the limited partnership is formed.

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

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

(a)By the limited partnership, without further action by the limited partners, in accordance with the procedure set forth in the plan of

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(1) A plan of merger shall be approved by each business entity that is a party to the merger, as follows:
(a) In the case of a limited partnership, by all the partners, unless a lesser vote is provided for in the certificate of limited partnership or, in the case of a foreign limited partnership, by the law of the jurisdiction in which the limited partnership is formed.
(b) In the case of a business entity other than a limited partnership, as provided by the statutes governing that business entity.
(2) After a merger is authorized, and at any time before articles of merger are filed, the planned merger may be abandoned, subject to any contractual rights:
(a) By the limited partnership, without further action by the limited partners, in accordance with the procedure set forth in the plan of merger or, if none is set forth, in the manner determined by the general partners.
(b) By a party to the merger that is not a limited partnership, in accordance with the procedure set forth in the plan of merger or, if none is set forth, in the manner permitted by the statutes governing that business entity.