Oregon Revised Statutes Chapter 60 § 60.531 — Sale of
Oregon Revised Statutes Chapter 60 ·
Oregon Code § 60.531·Enacted ·Last updated March 01, 2026
Statute Text
Sale of
assets in regular course of business; mortgage of assets.
(1) A corporation may, on the
terms and conditions and for the consideration determined by the board of
directors:
(a) Sell, lease,
exchange or otherwise dispose of all or substantially all of its property in
the usual and regular course of business;
(b) Mortgage,
pledge, dedicate to the repayment of indebtedness, whether with or without
recourse, or otherwise encumber any or all of its property whether or not in
the usual and regular course of business; or
(c) Transfer any
or all of its property to a corporation all the shares of which are owned by
the corporation.
(2) Unless
required by the articles of incorporation, approval by the shareholders of a
transaction described in subsection (1) of this section is not required. [1987
c.52 §122]
Plain English Explanation
This Oregon statute addresses Sale of
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.531
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Sale of
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The formal citation is Oregon Code § 60.531. Use this format in legal documents and court filings.
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