Or. Rev. Stat. § 58.509
Transferee of shares; limit on time as director, officer or shareholder
Oregon · Oregon Revised Statutes Chapter 58 — Professional Corporations · Status: effective
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- Citation
- Or. Rev. Stat. § 58.509, Transferee of shares; limit on time as director, officer or shareholder, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2452340
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Full text
If all of the outstanding shares of a professional corporation organized for the purpose of practicing medicine are held by an administrator, executor, personal representative, guardian, conservator or receiver of the estate of a former shareholder, or by a transferee who receives such shares by operation of law or by a judgment, such administrator, executor, personal representative, guardian, conservator, receiver or transferee may be a director, officer or shareholder of the professional corporation for a period of six months following receipt or transfer of such shares.