Oregon Code § 62.609·Enacted ·Last updated March 01, 2026
Statute Text
Action
on plan of conversion.
(1) A plan of conversion shall be approved by the business entity as follows:
(a) In the case
of a cooperative, in the manner provided in ORS 62.619 (1)(a) for mergers; and
(b) In the case
of a business entity other than a cooperative, as provided by the statutes
governing that business entity.
(2) After a
conversion is approved, and at any time before articles of conversion are
filed, the planned conversion may be abandoned, subject to any contractual
rights:
(a) By a
cooperative, without further action by the members or shareholders, in
accordance with the procedure set forth in the plan of conversion or, if none
is set forth, in the manner determined by the board of directors.
(b) By another
business entity that planned to convert to a cooperative, in accordance with
the procedure set forth in the plan of conversion or, if none is set forth, in
the manner permitted by the statutes governing that business entity. [1999
c.362 §21]
Plain English Explanation
This Oregon statute addresses Action
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 62.609
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Action
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