Oregon Statutes - Chapter 65 - Nonprofit Corporations - Section 65.221 - Record date.

(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 membersí 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 membersí 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 membersí 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  Next

Last modified: August 7, 2008