{"data":{"id":"us-or/ors-58.509","jurisdiction":"us-or","citation":"ORS 58.509","heading":"Transferee of shares; limit on time as director, officer or shareholder.","body":"If all of the outstanding shares of a professional corporation organized for the purpose of practicing medicine are held by an administrator, executor, personal representative, guardian, conservator or receiver of the estate of a former shareholder, or by a transferee who receives such shares by operation of law or by a judgment, such administrator, executor, personal representative, guardian, conservator, receiver or transferee may be a director, officer or shareholder of the professional corporation for a period of six months following receipt or transfer of such shares.","path":["02 - Business Organizations, Commercial Code","7. Corporations and Partnerships","Chapter 58 — Professional Corporations"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors058.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:10Z","sha256":"27e20a7b7f4b5a40a97c64e4df8155b2979504f3a0af9a8a517861b7f575ceb3","source_id":"us-or","stale":false,"prev":"us-or/ors-58.506","next":"us-or/ors-58.512"},"notice":"GroundRules: Original legal text. Not legal advice."}