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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) A designated director may be removed by an amendment to the articles or bylaws deleting or changing the designation.
(2) If a director is appointed:
(a) Except as otherwise provided in the articles or bylaws, the director may be removed with or without cause by the person appointing the director;
(b) The person removing the director shall do so by giving written notice of the removal to the director and either the presiding officer of the board or the corporation's president or secretary; and
(c) A removal is effective when the notice is effective under ORS 65.034 unless the notice specifies a future effective date.
Cite this article: FindLaw.com - Oregon Revised Statutes Corporations and Partnerships § 65.331 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-7-corporations-and-partnerships/or-rev-st-sect-65-331/
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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