(1) Two or more members may provide for the manner in which they will vote by signing an agreement for that purpose. Such agreements may be valid for a period of up to 10 years. For public benefit corporations such agreements must have a reasonable purpose not inconsistent with the corporation‘s public or charitable purposes.

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Terms Used In Oregon Statutes 65.254

  • Vote: means an authorization by written ballot or written consent, where permitted, or by another method that a corporation specifies as an authorization. See Oregon Statutes 65.001

(2) A voting agreement created under this section is specifically enforceable. [1989 c.1010 § 69]

 

CORPORATE ACTIONS

 

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