(1) The bylaws may fix or provide the manner of fixing the record date in order to determine the members entitled to notice of a members’ meeting, to demand a special meeting, to vote or to take any other lawful action. If the bylaws do not fix or provide for fixing such a record date, the board of directors may fix a future date as the record date. If no such record date is fixed, then:
(a) To determine the members entitled to notice of a members’ meeting, the record date shall be the day before the day on which first notice is mailed or otherwise transmitted to members in accordance with ORS 65.034, or if notice is waived, the day preceding the day on which the meeting is held.
(b) To determine the members entitled to demand a special meeting, the record date shall be as set forth in ORS 65.204 (2).
(c) To determine the members entitled to take action without a meeting, the record date shall be as set forth in ORS 65.211 (2).
(d) To determine the members entitled to vote at a members’ meeting, the record date shall be the date of the meeting.
(e) To determine the members entitled to exercise any rights in respect to any other lawful action, the record date shall be the day on which the board adopts the resolution relating thereto, or the 60th day prior to the date of such other action, whichever is later.
(2) A record date fixed under this section may not be more than 70 days before the meeting or action requiring the determination of members.
(3) A determination of members entitled to notice of or to vote at a membership meeting is effective for any adjournment of the meeting unless the board fixes a new record date, which it must do if the meeting is adjourned to a date more than 120 days after the date fixed for the original meeting.
(4) If a court orders a meeting adjourned to a date more than 120 days after the date fixed for the original meeting, it may provide that the original record date continues in effect or it may fix a new record date. [1989 c.1010 §58]
Section: Previous 65.177 65.201 65.204 65.207 65.211 65.214 65.217 65.221 65.222 65.224 65.227 65.231 65.234 65.237 65.241 NextLast modified: August 7, 2008