{"data":{"id":"us-or/ors-60.327","jurisdiction":"us-or","citation":"ORS 60.327","heading":"Removal of directors by judicial proceeding.","body":"(1) The circuit court of the county where a corporation’s principal office is located or if the principal office is not in this state where its registered office is or was last located, may remove a director of the corporation from office in a proceeding commenced either by the corporation or by its shareholders holding at least 10 percent of the outstanding shares of any class if the court finds that:\n      (a) The director engaged in fraudulent or dishonest conduct or gross abuse of authority or discretion with respect to the corporation; and\n      (b) Removal is in the best interest of the corporation.\n      (2) The court that removes a director may bar the director from reelection for a period prescribed by the court.\n      (3) If shareholders commence a proceeding under subsection (1) of this section, they shall make the corporation a party defendant.","path":["02 - Business Organizations, Commercial Code","7. Corporations and Partnerships","Chapter 60 — Private Corporations"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors060.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:10Z","sha256":"9f928c54d31db44f2d66ecfb68094f12e8568f080d800fb88db4b66aba1899dc","source_id":"us-or","stale":false,"prev":"us-or/ors-60.324","next":"us-or/ors-60.331"},"notice":"GroundRules: Original legal text. Not legal advice."}