Oregon Code § 60.137·Enacted ·Last updated March 01, 2026
Statute Text
Issued
and outstanding shares.
(1) A corporation may issue the number of shares of each class or series
authorized by the articles of incorporation. Shares that are issued are
outstanding shares until they are reacquired, redeemed, converted or canceled.
(2) The
reacquisition, redemption or conversion of outstanding shares is subject to the
limitations of subsection (3) of this section and ORS 60.177 and 60.181.
(3) At all times
that shares of the corporation are outstanding, one or more shares that
together have unlimited voting rights and one or more shares that together are
entitled to receive the net assets of the corporation upon dissolution must be
outstanding. [1987 c.52 §35]
Plain English Explanation
This Oregon statute addresses Issued
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.137
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Issued
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