Oregon Code § 723.276·Enacted ·Last updated March 01, 2026
Statute Text
Executive officers.
(1) The board of directors shall elect an executive officer, whom the directors
may designate as chairperson of the board or president, a vice chairperson of
the board or one or more vice presidents, a treasurer and a secretary. The
treasurer and the secretary may be the same individual. The persons that the
board of directors elects are the executive officers of the corporation.
(2) The terms of
the officers are one year, unless the bylaws prescribe a different term.
Officers may continue to serve until the successors of the officers are chosen
and have duly qualified.
(3) The bylaws
must prescribe the duties of the officers. [1975 c.652 §30; 1987 c.286 §4; 1991
c.635 §9; 2009 c.234 §6; 2013 c.480 §3; 2019 c.45 §1; 2023 c.57 §2]
Plain English Explanation
This Oregon statute addresses Executive officers. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 723.276
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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