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Oregon · Through 2025 Edition

ORS 67.362: Action on plan of merger.

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Where this section sits in the code
  1. 02 - Business Organizations, Commercial Code
  2. 7. Corporations and Partnerships
  3. Chapter 67 — Partnerships; Limited Liability Partnerships

(1) A plan of merger shall be approved by each business entity that is a party to the merger, as follows:

      (a) In the case of a partnership, by unanimous vote of the partners, or by the number or percentage specified for merger in its partnership agreement; and

      (b) In the case of a business entity other than a partnership, as provided by the statutes governing that business entity.

      (2) After a merger is authorized, and at any time before articles of merger are filed, the planned merger may be abandoned, subject to any contractual rights:

      (a) By the partnership, without further action by the partners, in accordance with the procedure set forth in the plan of merger or the partnership agreement; and

      (b) By a party to the merger that is not a partnership, in accordance with the procedure set forth in the plan of merger or, if none is set forth, in the manner permitted by the statutes governing that business entity.

Collected 2026-09-03T23:50:10Z. Source file · JSON

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