ORS § 60.474

Current through 2024 Regular Session legislation effective April 17, 2024
Section 60.474 - Action on plan of conversion
(1) A plan of conversion shall be approved as follows:
(a) In the case of a corporation, in the manner provided in ORS 60.487 for mergers; and
(b) In the case of a business entity other than a corporation, as provided by the statutes governing that business entity.
(2) After a conversion is approved, and at any time before articles of conversion are filed, the planned conversion may be abandoned, subject to any contractual rights:
(a) By a corporation, in the manner provided in ORS 60.487(9); and
(b) By a business entity that planned to convert to a corporation, in accordance with the procedure set forth in the plan of conversion or, if none is set forth, in the manner permitted by the statutes governing that business entity.

ORS 60.474

1999 c.362 §8