ORS § 65.331

Current through 2024 Regular Session legislation effective April 17, 2024
Section 65.331 - Removal of designated or appointed directors
(1) A designated director may be removed by an amendment to the articles of incorporation or bylaws that deletes or changes the designation.
(2)
(a) Except as otherwise provided in the articles of incorporation or bylaws, an appointed director may be removed with or without cause by the person that appointed the director or by the board of directors.
(b) The person that removes the appointed director shall give written notice of the removal to the appointed director and, if the person that removes the appointed director is the person that appointed the director, to either the presiding officer of the board or the corporation's president or secretary.
(c) Removal of an appointed director is effective when the notice is effective under ORS 65.034 unless the notice specifies a future effective date.

ORS 65.331

Amended by 2019 Ch. 174,§ 57, eff. 5/24/2019, op. 1/1/2020.
1989 c.1010 §78