Oregon Revised Statutes Chapter 58 § 58.101 — Term of
Oregon Revised Statutes Chapter 58 ·
Oregon Code § 58.101·Enacted ·Last updated March 01, 2026
Statute Text
Term of
office for directors; classes.
(1) Notwithstanding ORS 60.314, the articles of incorporation or bylaws of a
professional corporation may specify any length for the term of office of
director.
(2) If the
articles of incorporation or bylaws specify a length for the term of office of
director other than that provided in ORS 60.314, the bylaws may divide the
directors into classes and may assign to each class a different initial term of
office so that the terms of office of the classes expire at staggered
intervals. Each class shall be as nearly equal in number as possible. At the
annual meeting at the time of which the term of office of the directors in a
class expires, the number of directors equal to the number of the class whose
term expires at the time of the meeting shall be elected to hold office for the
term specified in the articles of incorporation or bylaws. [1983 c.172 §2; 1987
c.94 §16]
Plain English Explanation
This Oregon statute addresses Term of
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 58.101
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Term of
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 58.101. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.