Oregon Statutes 63.057 – Operating agreements
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The operating agreement, if any, may provide for the regulation and management of the affairs of the limited liability company in any manner not inconsistent with law or the articles of organization and may be in writing or oral. [1993 c.173 § 18; 1995 c.93 § 3]
Terms Used In Oregon Statutes 63.057
- Articles of organization: means the document described in ORS § 63. See Oregon Statutes 63.001
- Operating agreement: means any valid agreement, written or oral, of the member or members as to the affairs of a limited liability company and the conduct of the limited liability company's business. See Oregon Statutes 63.001
[Repealed by 1959 c.580 § 104]
[Repealed by 1959 c.580 § 104]
PURPOSES AND POWERS