ORS 60.434: Amendment by board of directors.

Unless the articles of incorporation provide otherwise, a corporation’s board of directors may adopt one or more amendments to the corporation’s articles of incorporation without shareholder action to:

      (1) Extend the duration of the corporation if it was incorporated at a time when limited duration was required by law;

      (2) Delete the names and addresses of the initial directors;

      (3) Delete the name and address of the initial registered agent or registered office, if a statement of change is on file with the office of the Secretary of State;

      (4) Delete the mailing address if an annual report has been filed with the office of the Secretary of State;

      (5) Change the corporate name by substituting the word “corporation,” “incorporated,” “company,” “limited,” or the abbreviation “corp.,” “inc.,” “co.” or “ltd.,” for a similar word or abbreviation in the name, or by adding, deleting or changing a geographical attribution for the name;

      (6) In the case of a corporation registered as an open-end investment company under the Investment Company Act of 1940, as amended, increase or decrease the number of shares the corporation is authorized to issue; or

      (7) Make any other change expressly permitted by this chapter to be made without shareholder action.