Oregon Revised Statutes Chapter 550 § 550.200 — Organizational meeting of board of directors; oath; officers; meetings; quorum
Oregon Revised Statutes Chapter 550 ·
Oregon Code § 550.200·Enacted ·Last updated March 01, 2026
Statute Text
Organizational meeting of board of directors; oath; officers; meetings; quorum.
(1) As soon as practicable after
the election and appointment of the directors to the board of directors, the
directors shall meet to qualify all individuals elected or appointed as
directors by administering an oath of office and to elect the officers of the
board of directors.
(2) The directors
shall elect from their number a chair and vice chair. Such officers have the
authority and duties granted them by the board of directors.
(3) The board of
directors shall meet at times and places that the board of directors considers
necessary or convenient.
(4) A majority of
the directors shall constitute a quorum for the transaction of business. [2019
c.621 §6; 2022 c.16 §6]
Plain English Explanation
This Oregon statute addresses Organizational meeting of board of directors; oath; officers; meetings; quorum. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 550.200
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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