Oregon Code § 60.484·Enacted ·Last updated March 01, 2026
Statute Text
Share
exchange.
(1) A
corporation may acquire all of the outstanding shares of one or more classes or
series of another corporation if the board of directors of each corporation
adopts a plan of exchange and, if required by ORS 60.487, the shareholders of
each corporation approve the exchange.
(2) The plan of
exchange must set forth:
(a) The name of
the corporation whose shares will be acquired and the name of the acquiring
corporation;
(b) A summary of
the material terms and conditions of the exchange; and
(c) The manner
and basis of exchanging the shares to be acquired for shares, obligations, or
other securities of the acquiring or any other corporation or for cash or for
other property in full or part.
(3) The plan of
exchange may set forth other provisions relating to the exchange.
(4) This section
does not limit the power of a corporation to acquire all or part of the shares
of one or more classes or series of another corporation through a voluntary
exchange or otherwise. [1987 c.52 §116; 1989 c.171 §7; 1989 c.1040 §27; 2003
c.80 §17]
Plain English Explanation
This Oregon statute addresses Share
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.484
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Share
. Read the full statute text above for details.
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The formal citation is Oregon Code § 60.484. Use this format in legal documents and court filings.
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