Oregon Statutes - Chapter 60 - Private Corporations - Section 60.341 - Action without meeting.

(1) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this chapter to be taken at a board of directors’ meeting may be taken without a meeting if the action is taken by all members of the board. The action must be evidenced by one or more written consents describing the action taken, signed by each director, and included in the minutes or filed with the corporate records reflecting the action taken.

(2) Action taken under this section is effective when the last director signs the consent, unless the consent specifies an earlier or later effective date.

(3) A consent signed under this section has the effect of a meeting vote and may be described as such in any document. [1987 c.52 §80]

Section:  Previous  60.317  60.321  60.324  60.327  60.331  60.334  60.337  60.341  60.344  60.347  60.351  60.354  60.357  60.361  60.364  Next

Last modified: August 7, 2008