Oregon Code § 70.530·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 partnership, by all the partners, unless a lesser vote is provided
for in the certificate of limited partnership or, in the case of a foreign
limited partnership, by the law of the jurisdiction in which the limited
partnership is formed.
(b) In the case
of a business entity other than a limited 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
limited partnership, without further action by the limited partners, in
accordance with the procedure set forth in the plan of merger or, if none is
set forth, in the manner determined by the general partners.
(b) By a party to
the merger that is not a limited 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 §62]
Plain English Explanation
This Oregon statute addresses Action
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 70.530
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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