Oregon Statutes - Chapter 60 - Private Corporations - Section 60.431 - Authority.

(1) A corporation may amend its articles of incorporation at any time to add, change or delete any provision if the articles of incorporation as amended would be permitted under this chapter as of the effective date of the amendment.

(2) A shareholder of the corporation does not have a vested property right resulting from any provision in the articles of incorporation, including provisions relating to management, control, capital structure, dividend entitlement, purpose or duration of the corporation. [1987 c.52 §103]

Section:  Previous  60.394  60.397  60.401  60.404  60.407  60.411  60.414  60.431  60.434  60.437  60.441  60.444  60.447  60.451  60.454  Next

Last modified: August 7, 2008