Oregon Code § 63.473·Enacted ·Last updated March 01, 2026
Statute Text
Action
on plan of conversion.
(1) A plan of conversion shall be approved as follows:
(a) In the case
of a limited liability company, by a majority vote of its members, or by a
greater vote if required by its articles of organization or any operating
agreement.
(b) In the case
of a business entity other than a limited liability company, 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 limited
liability company, without further action by the members, in accordance with
the procedure set forth in the plan of conversion or, if none is set forth, in
the manner determined by the managers.
(b) By a
converting business entity that is not a limited liability company, 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 §33]
Plain English Explanation
This Oregon statute addresses Action
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 63.473
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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