(1) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this chapter to be taken at a membersí meeting may be taken without a meeting if the action is taken by all the members entitled to vote on the action. The action must be evidenced by one or more written consents describing the action taken, signed by all the members entitled to vote on the action, and delivered to the corporation for inclusion in the minutes or filing with the corporate records. Action taken under this section is effective when the last member signs the consent, unless the consent specifies an earlier or later effective date.
(2) If not otherwise determined under ORS 65.207 or 65.221, the record date for determining members entitled to take action without a meeting is the date the first member signs the consent under subsection (1) of this section.
(3) A consent signed under this section has the effect of a meeting vote and may be described as such in any document. [1989 c.1010 §55]Section: Previous 65.167 65.171 65.174 65.177 65.201 65.204 65.207 65.211 65.214 65.217 65.221 65.222 65.224 65.227 65.231 Next
Last modified: August 7, 2008