Oregon Code § 723.262·Enacted ·Last updated March 01, 2026
Statute Text
Vacancies.
(1)
Subject to subsection (2) of this section, the board of directors may fill any
vacancies occurring in the board until successors elected at the next annual
meeting have qualified.
(2) If a vacancy
occurring in the board reduces the number of directors to five or fewer, the
board shall fill the vacancy until a successor elected at the next annual
meeting has qualified.
(3) The board
shall also fill vacancies in the credit and supervisory committees or in the
office of credit manager. [1975 c.652 §27; 2005 c.95 §6]
Plain English Explanation
This Oregon statute addresses Vacancies. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 723.262
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Vacancies. Read the full statute text above for details.
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The formal citation is Oregon Code § 723.262. Use this format in legal documents and court filings.
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