Oregon Statutes 58.383 – Issuance, sale, transfer and redemption of shares
Current as of: 2023 | Check for updates
|
Other versions
(1) A shareholder of a professional corporation organized for the purpose of practicing medicine may sell or transfer shares only in a manner that leaves the corporation in compliance with this chapter.
Terms Used In Oregon Statutes 58.383
- 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.
- Practicing medicine: has the meaning given that term in ORS § 677. See Oregon Statutes 58.015
(2) Subject to subsection (1) of this section, the articles of incorporation, bylaws or agreements among shareholders of a professional corporation organized for the purpose of practicing medicine may provide limitations on the issuance and transferability of shares of the corporation and may provide for the purchase or redemption of shares by the corporation. [1997 c.774 § 21]