Oregon Statutes 65.137 – No requirement for members
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A corporation does not need to have members and does not have members unless the corporation‘s articles of incorporation state that the corporation has members. [1989 c.1010 § 41; 2019 c.174 § 30]
Terms Used In Oregon Statutes 65.137
- Articles of incorporation: means the articles of incorporation described in ORS § 65. See Oregon Statutes 65.001
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means a domestic corporation or a foreign corporation. See Oregon Statutes 65.001
(Members’ Rights and Obligations)