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 companys
identification of a specific public benefit does not limit the benefit companys
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 companys 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 corporations 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
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.047
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
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.
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