Oregon § 707.242 Bylaws

Oregon Statutes

§ 707.242 — Bylaws

Oregon § 707.242

Vol.18

Title 53Financial Institutions

Ch. 707Organization to Conduct Banking Business; Stockholders, Directors and

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Bluebook

Or. Rev. Stat. § 707.242 (2026).

Text

The initial bylaws of an institution shall be adopted by its board of directors. The power to alter, amend or repeal the bylaws or adopt new bylaws shall be vested in the board of directors unless reserved to the shareholders by the articles of incorporation or by bylaws. The bylaws may contain any provisions for the regulation and management of the affairs of the institution not inconsistent with law or the articles of incorporation. [1989 c.324 §9; 1997 c.631 §58]
(Amendment of Articles of Incorporation)

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The initial bylaws of an institution shall be adopted by its board of directors. The power to alter, amend or repeal the bylaws or adopt new bylaws shall be vested in the board of directors unless reserved to the shareholders by the articles of incorporation or by bylaws. The bylaws may contain any provisions for the regulation and management of the affairs of the institution not inconsistent with law or the articles of incorporation. [1989 c.324 §9; 1997 c.631 §58]
(Amendment of Articles of Incorporation)