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Or. Rev. Stat. § 60.581

Failure to take action

Oregon · Oregon Revised Statutes Chapter 60 — Private Corporations · Status: effective

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Or. Rev. Stat. § 60.581, Failure to take action, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2452894
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(1) If the corporation does not take the proposed action within 60 days after the date set for demanding payment and depositing share certificates, the corporation shall return the deposited certificates and release the transfer restrictions imposed on uncertificated shares. (2) If after returning deposited certificates and releasing transfer restrictions, the corporation takes the proposed action, it must send a new dissenters’ notice under ORS 60.567 and repeat the payment demand procedure.