Oregon Statutes 60.301 – Requirement for and duties of board of directors
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(1) Each corporation shall have a board of directors.
Terms Used In Oregon Statutes 60.301
- Articles of incorporation: means the articles described in ORS § 60. See Oregon Statutes 60.001
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, the board of directors, subject to any limitation set forth in the articles of incorporation or in an agreement authorized by ORS § 60.265. [1987 c.52 § 68; 1993 c.403 § 4]