Oregon Code § 58.527·Enacted ·Last updated March 01, 2026
Statute Text
Price
for purchase or redemption of shares of disqualified or deceased shareholder.
If the articles of incorporation
or bylaws of a professional corporation organized for the purpose of practicing
medicine do not provide a price or method of determining a price at which the
corporation may purchase or redeem the shares, or at which its shareholders may
purchase the shares, of a legally disqualified or deceased shareholder, and the
corporation and shareholders or the shareholders have not provided the price or
a method of determining the price by private agreement, then the price for the
shares shall be the book value as of the end of the month preceding the
disqualification or death of the shareholder, payable in cash or on such other
terms as may be agreed to by the parties. Book value shall be determined from
the books and records of the corporation in accordance with the regular method
of accounting used by the corporation. [Formerly 58.389]
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Plain English Explanation
This Oregon statute addresses Price
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 58.527
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Price
. Read the full statute text above for details.
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The formal citation is Oregon Code § 58.527. Use this format in legal documents and court filings.
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