Oregon Statutes 62.565 – Articles of amendment; effect of amendment
(1) Following adoption of an amendment or amendments to articles as provided in this chapter, articles of amendment shall set forth:
Terms Used In Oregon Statutes 62.565
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Articles: means articles of incorporation, articles of conversion or articles of merger. See Oregon Statutes 62.015
- Cooperative: means a cooperative corporation that is subject to the provisions of this chapter. See Oregon Statutes 62.015
- Shareholder: means a holder of shares of capital stock of a cooperative other than membership stock. See Oregon Statutes 62.015
(a) The name of the cooperative.
(b) The text of each amendment adopted.
(c) The date of the adoption of the amendment by the members.
(d) The numbers of members voting for and against the amendment.
(e) If affected shareholders had the right to vote under ORS § 62.560, the number of affected shareholders, the number of shareholder votes entitled to be voted thereon, and the numbers of such votes cast for and against the amendment.
(2) No amendment shall affect any existing cause of action in favor of or against the cooperative, or any pending suit to which the cooperative is a party, or the existing rights of persons other than members or affected shareholders; and, if the cooperative’s name is changed by amendment, no suit brought by or against the cooperative under its former name shall abate for that reason. [1957 c.716 § 40; 1981 c.633 § 63; 1985 c.728 § 69; 1987 c.94 § 85; 1995 c.195 § 32]