Oregon Statutes 60.476 – Articles and plan of conversion
(1) After the owners approve a conversion, the converting business entity shall:
Terms Used In Oregon Statutes 60.476
- 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.
- Entity: means a corporation, foreign corporation, nonprofit corporation, profit or nonprofit unincorporated association, business trust, partnership, two or more persons that have a joint or common economic interest, any state, the United States, a federally recognized Native American or American Indian tribal government and any foreign government. See Oregon Statutes 60.001
- Written: means embodied as a document. See Oregon Statutes 60.001
(a) File articles of conversion that state the name and type of business entity that existed before conversion and the name and type of business entity that will exist after conversion; and
(b) File a plan of conversion or, in lieu of a plan of conversion, a written declaration that:
(A) Identifies an address for an office of the converted entity where the plan of conversion is on file; and
(B) States that the converted entity will provide any owner with a copy of the plan of conversion upon request and at no cost.
(2) The conversion takes effect at the later of the date and time determined in accordance with ORS § 60.011 or the date and time determined under the statutes that govern the business entity that is not a corporation. [1999 c.362 § 9; 2001 c.315 § 7; 2015 c.28 § 1]