Oregon Code § 63.487·Enacted ·Last updated March 01, 2026
Statute Text
Action
on plan of merger.
(1) A plan of merger shall be approved by each business entity that is a party
to the merger, 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
merger is authorized, and at any time before articles of merger are filed, the
planned merger may be abandoned, subject to any contractual rights:
(a) By the
limited liability company, without further action by the members, in accordance
with the procedure set forth in the plan of merger or, if none is set forth, in
the manner determined by the managers.
(b) By a party to
the merger that is not a limited liability company, in accordance with the
procedure set forth in the plan of merger or, if none is set forth, in the
manner permitted by the statutes governing that business entity. [1993 c.173 §91;
1999 c.362 §37]
Plain English Explanation
This Oregon statute addresses Action
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 63.487
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Action
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 63.487. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.