Oregon Code § 67.344·Enacted ·Last updated March 01, 2026
Statute Text
Action
on plan of conversion.
(1) A plan of conversion shall be approved by each business entity that is a
party to the conversion, as follows:
(a) In the case
of a partnership, by all of the partners, unless a lesser vote is provided in
the partnership agreement; and
(b) In the case
of a business entity other than a partnership, 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
partnership that planned to convert to another business entity, in accordance
with the procedure set forth in the plan of conversion or, if none is set
forth, by a vote of the partners; and
(b) By a business
entity other than a partnership that planned to convert to a partnership, 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 §43]
Plain English Explanation
This Oregon statute addresses Action
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 67.344
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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