Oregon Code § 67.362·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 partnership, by unanimous vote of the partners, or by the number or
percentage specified for merger in its 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
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
partnership, without further action by the partners, in accordance with the
procedure set forth in the plan of merger or the partnership agreement; and
(b) By a party to
the merger that is not a partnership, 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. [1999 c.362 §47]
Plain English Explanation
This Oregon statute addresses Action
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 67.362
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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