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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) A plan of conversion shall be approved as follows:
(a) In the case of a corporation, in the manner provided in ORS 60.487 for mergers; and
(b) In the case of a business entity other than a corporation, as provided by the statutes governing that business entity.
(2) After a conversion is approved, and at any time before articles of conversion are filed, the planned conversion may be abandoned, subject to any contractual rights:
(a) By a corporation, in the manner provided in ORS 60.487 (9); and
(b) By a business entity that planned to convert to a corporation, in accordance with the procedure set forth in the plan of conversion or, if none is set forth, in the manner permitted by the statutes governing that business entity.
Cite this article: FindLaw.com - Oregon Revised Statutes Corporations and Partnerships § 60.474 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-7-corporations-and-partnerships/or-rev-st-sect-60-474/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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