Oregon Revised Statutes Chapter 65 § 65.531 — Sale of
Oregon Revised Statutes Chapter 65 ·
Oregon Code § 65.531·Enacted ·Last updated March 01, 2026
Statute Text
Sale of
assets in regular course of activities; mortgage of assets.
(1) A corporation may, on the
terms and conditions and for the consideration determined by the board of
directors:
(a) Sell, lease,
exchange or otherwise dispose of all or substantially all of its property in
the usual and regular course of its activities; or
(b) Mortgage,
pledge, dedicate to the repayment of indebtedness, whether with or without
recourse, or otherwise encumber any or all of its property whether or not in
the usual and regular course of its activities.
(2) Unless
required by the articles of incorporation, approval by the members or any other
person of a transaction described in subsection (1) of this section is not
required. [1989 c.1010 §126]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 65.531
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Sale of
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