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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) Except as otherwise provided in ORS 60.750 to 60.770, ORS 60.750 to 60.770 apply to:
(a) A corporation that states in the corporation's articles of incorporation or articles of conversion that the corporation is subject to ORS 60.750 to 60.770;
(b) A limited liability company that states in the limited liability company's articles of organization or articles of conversion that the limited liability company is subject to ORS 60.750 to 60.770; or
(c) A corporation or limited liability company that elects to become a benefit company under ORS 60.754.
(2)(a) Except as provided in paragraph (c) of this subsection, a benefit company that is a corporation incorporated under ORS chapter 60 is subject to ORS chapter 60 and to ORS 60.750 to 60.770.
(b) Except as provided in paragraph (c) of this subsection, a benefit company that is a limited liability company organized under ORS chapter 63 is subject to ORS chapter 63 and to ORS 60.750 to 60.770.
(c) To the extent that a provision of ORS 60.750 to 60.770 conflicts with a provision of ORS chapter 60 or 63, a specific provision of ORS 60.750 to 60.770 controls over a general provision of ORS chapter 60 or 63.
(3) ORS 60.750 to 60.770 do not apply to a corporation that is not a benefit company or to a limited liability company that is not a benefit company.
Cite this article: FindLaw.com - Oregon Revised Statutes Corporations and Partnerships § 60.752 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-7-corporations-and-partnerships/or-rev-st-sect-60-752/
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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