Oregon Code § 60.151·Enacted ·Last updated March 01, 2026
Statute Text
Liability of shareholders.
(1) A purchaser from a corporation of its own shares is not liable to the
corporation or its creditors with respect to the shares except to pay the
consideration for which the shares were authorized to be issued or specified in
the subscription agreement.
(2) A shareholder
of a corporation is not personally liable for the acts or debts of the
corporation merely by reason of being a shareholder. [1987 c.52 §39]
Plain English Explanation
This Oregon statute addresses Liability of shareholders. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.151
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Liability of shareholders. Read the full statute text above for details.
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