Oregon Code § 60.581·Enacted ·Last updated March 01, 2026
Statute Text
Failure
to take action.
(1) If the corporation does not take the proposed action within 60 days after
the date set for demanding payment and depositing share certificates, the
corporation shall return the deposited certificates and release the transfer
restrictions imposed on uncertificated shares.
(2) If after
returning deposited certificates and releasing transfer restrictions, the
corporation takes the proposed action, it must send a new dissenters notice
under ORS 60.567 and repeat the payment demand procedure. [1987 c.52 §133]
Plain English Explanation
This Oregon statute addresses Failure
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.581
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Failure
. Read the full statute text above for details.
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The formal citation is Oregon Code § 60.581. Use this format in legal documents and court filings.
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