Oregon Statutes 65.957 – Application to existing domestic corporations; exemptions
(1) This chapter applies to all domestic corporations in existence on October 3, 1989, that were incorporated under any general statute of this state providing for incorporation of nonprofit corporations if power to amend or repeal the statute under which the corporation was incorporated was reserved.
Terms Used In Oregon Statutes 65.957
- 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.
- Corporation: means a domestic corporation or a foreign corporation. See Oregon Statutes 65.001
- Statute: A law passed by a legislature.
(2) Without limitation as to any other corporations that may be outside the scope of subsection (1) of this section, this chapter does not apply to the following:
(a) The Oregon State Bar and the Oregon State Bar Professional Liability Fund created under ORS § 9.005 to 9.757;
(b) The State Accident Insurance Fund Corporation created under ORS Chapter 656;
(c) The Oregon Insurance Guaranty Association and the Oregon Life and Health Insurance Guaranty Association created under ORS Chapter 734; and
(d) The Oregon FAIR Plan Association created under ORS § 735.045. [1989 c.1010 § 172; 1997 c.249 § 26; 1999 c.274 § 20; 2001 c.922 § 11; 2005 c.22 § 51; 2013 c.698 § 29]