Oregon Code § 60.577·Enacted ·Last updated March 01, 2026
Statute Text
Payment.
(1)
Except as provided in ORS 60.584, as soon as the proposed corporate action is
taken, or upon receipt of a payment demand, the corporation shall pay each
dissenter who complied with ORS 60.571, the amount the corporation estimates to
be the fair value of the shareholders shares, plus accrued interest.
(2) The payment
must be accompanied by:
(a) The
corporations balance sheet as of the end of a fiscal year ending not more than
16 months before the date of payment, an income statement for that year and the
latest available interim financial statements, if any;
(b) A statement
of the corporations estimate of the fair value of the shares;
(c) An
explanation of how the interest was calculated;
(d) A statement
of the dissenters right to demand payment under ORS 60.587; and
(e) A copy of ORS
Plain English Explanation
This Oregon statute addresses Payment. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.577
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Payment. Read the full statute text above for details.
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The formal citation is Oregon Code § 60.577. Use this format in legal documents and court filings.
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