Oregon — State Statute

Oregon Revised Statutes Chapter 60 § 60.047 — (2)(c)(A), 60.074, 63.047 or 63.074, a benefit company has the purpose

Oregon Revised Statutes Chapter 60 ·
Oregon Code § 60.047 · Enacted · Last updated March 01, 2026
Statute Text
(2)(c)(A), 60.074, 63.047 or 63.074, a benefit company has the purpose of providing a general public benefit. (2)(a) The articles of incorporation or articles of organization for a benefit company may identify a specific public benefit for the benefit company in addition to the purposes described in subsection (1) of this section. A benefit company’s identification of a specific public benefit does not limit the benefit company’s obligation to fulfill the purposes described in subsection (1) of this section. (b) A benefit company may amend the articles of incorporation or articles of organization to add, amend or remove a specific public benefit in the manner otherwise provided for amending the benefit company’s purpose in the articles of incorporation or articles of organization. (3) Notwithstanding the requirement in ORS 58.076 that a professional corporation have rendering professional service as the professional corporation’s sole purpose, a professional corporation that is a benefit company shall have the purposes set forth in ORS 58.076 and the purpose of providing a general public benefit. The professional corporation may identify a specific public benefit in addition to the purposes described in this subsection. [2013 c.269 §5] Note: See note under 60.750.
Plain English Explanation
This Oregon statute addresses (2)(c)(A), 60.074, 63.047 or 63.074, a benefit company has the purpose . AI-powered analysis coming soon.
Key Points
Frequently Asked Questions
This section of Oregon law addresses (2)(c)(A), 60.074, 63.047 or 63.074, a benefit company has the purpose . 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 § 60.047. Use this format in legal documents and court filings.
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