Oregon Statutes - Chapter 60 - Private Corporations - Section 60.467 - Bylaw increasing quorum or voting requirement for directors.

(1) A bylaw provision that fixes a greater quorum or voting requirement for the board of directors may be amended or repealed:

(a) If the provision was originally adopted by the shareholders, only by the shareholders; or

(b) If the provision was originally adopted by the board of directors, either by the shareholders or by the board of directors.

(2) A bylaw provision adopted or amended by the shareholders that fixes a greater quorum or voting requirement for the board of directors may provide that it may be amended or repealed only by a specified vote of either the shareholders or the board of directors. [1987 c.52 §114; 1989 c.1040 §26]

Section:  Previous  60.444  60.447  60.451  60.454  60.457  60.461  60.464  60.467  60.470  60.472  60.474  60.476  60.478  60.481  60.484  Next

Last modified: August 7, 2008