Oregon Statutes 65.959 – Application to corporations relating to condominiums, planned communities or timeshare estates
For a corporation organized under this chapter and formed pursuant to ORS Chapter 100 or subject to regulation under all or part of the provisions of ORS § 94.550 to 94.783 or under ORS § 94.803 and 94.807 to 94.945:
Terms Used In Oregon Statutes 65.959
- Articles of incorporation: means the articles of incorporation described in ORS § 65. See Oregon Statutes 65.001
- Bylaws: means a set of provisions for managing and regulating a corporation's affairs that the corporation must adopt under 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
(1) A provision of this chapter that may be avoided by a corporation by a provision in the corporation’s articles of incorporation, bylaws or otherwise also may be avoided by a provision in the declaration, bylaws or other recorded governing document of a planned community or a condominium.
(2) In the event of a conflict between the provisions of this chapter and:
(a) The declaration and bylaws of a condominium and the provisions of ORS Chapter 100, the declaration and bylaws and the provisions of ORS Chapter 100 control.
(b) The declaration, bylaws and other recorded governing documents of a planned community and the provisions of ORS § 94.550 to 94.783, the declaration, bylaws and other governing documents and the provisions of ORS § 94.550 to 94.783 control.
(c) The recorded timeshare instrument of a timeshare plan and the provisions of ORS § 94.803 and 94.807 to 94.945, the recorded timeshare instrument and the provisions of ORS § 94.803 and 94.807 to 94.945 control. [2003 c.569 § 46]