Oregon Statutes 554.590 – Articles of amendment; filing; effective date
(1) If an application to include or exclude lands is approved, articles of amendment shall set forth:
Terms Used In Oregon Statutes 554.590
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.
(a) The name of the corporation.
(b) A reference to the provision in the original or amended articles of the corporation affected and a statement of the particular land by legal subdivisions so far as possible and otherwise by tracts or lots of duly platted land or by metes and bounds, with the acreage thereof and the name of the owner as shown by the records of the county, included or excluded by the amendment.
(c) The date the members approved the inclusion or exclusion of the land.
(2) The articles of amendment shall be submitted to the Office of the Secretary of State for filing. The requirements for filing a document under ORS § 554.005 apply to articles of amendment under this section.
(3) From the date that the Secretary of State files the articles of amendment, the lands described in the amendment shall be included or excluded from the corporation as recited in the amendment.
(4) The corporation shall file a true copy of the articles of amendment with the county recording officer of the county where the land included or excluded by the amendment is situated. [1963 c.103 § 10; 1971 c.200 § 11; 1987 c.94 § 159]
[1963 c.103 § 11; repealed by 1987 c.94 § 171]