Oregon Statutes 60.561 – Notice of dissenters rights
Current as of: 2023 | Check for updates
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(1) If a proposed corporate action that creates dissenters’ rights under ORS § 60.554 is submitted to a vote at a shareholders’ meeting, the meeting notice must state that shareholders are or may be entitled to assert dissenters’ rights under ORS § 60.551 to 60.594 and a copy of ORS § 60.551 to 60.594 must accompany the notice.
Terms Used In Oregon Statutes 60.561
- 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) If a corporate action that creates dissenters’ rights under ORS § 60.554 is taken without approval of the shareholders, the corporation shall notify in writing all shareholders entitled to assert dissenters’ rights that the action was taken and send the shareholders entitled to assert dissenters’ rights the dissenters’ notice described in ORS § 60.567. [1987 c.52 § 127; 2015 c.28 § 6]