Oregon § 707.642 Organizational meeting of directors; notice

Oregon Statutes

§ 707.642 — Organizational meeting of directors; notice

Oregon § 707.642

Vol.18

Title 53Financial Institutions

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

This text of Oregon § 707.642 (Organizational meeting of directors; notice) 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. § 707.642 (2026).

Text

After the issuance of the certificate of incorporation, an organizational meeting of the board of directors named in the articles of incorporation shall be held, either within or without this state, at the call of a majority of the incorporators, for the purpose of adopting bylaws, electing officers and transacting such other business as may come before the meeting. The incorporators who called the meeting shall give at least three days’ notice thereof by mail to each director so named, which notice shall state the time, place and purpose of the meeting.

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After the issuance of the certificate of incorporation, an organizational meeting of the board of directors named in the articles of incorporation shall be held, either within or without this state, at the call of a majority of the incorporators, for the purpose of adopting bylaws, electing officers and transacting such other business as may come before the meeting. The incorporators who called the meeting shall give at least three days’ notice thereof by mail to each director so named, which notice shall state the time, place and purpose of the meeting.