Oregon Code § 60.807·Enacted ·Last updated March 01, 2026
Statute Text
Voting
rights of control shares.
(1) Control shares acquired in a control share acquisition have no voting
rights other than those provided for in subsection (2)(a) of this section,
unless the restoration of the voting rights associated with the shares before
the control share acquisition is approved by the shareholders of the issuing
public corporation.
(2) To be
approved under this section, the restoration of voting rights for control
shares must be approved by:
(a) The holders
of the voting shares, including all interested shares, by a majority of all the
votes entitled to be cast by holders of voting shares; and
(b) The holders
of the voting shares, excluding all interested shares, by a majority of all the
votes, other than votes of interested shares, entitled to be cast by holders of
voting shares. [1989 c.4 §3]
Note:
See note under 60.801.
Plain English Explanation
This Oregon statute addresses Voting
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.807
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Voting
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