{"data":{"id":"us-or/ors-60.766","jurisdiction":"us-or","citation":"ORS 60.766","heading":"Proceedings against benefit company; when allowed; who may commence.","body":"(1) Except as provided in subsection (2) of this section, a person may not commence a proceeding against a benefit company, or against the governors, members, officers or managers of a benefit company, to assert a claim that the benefit company, governors, members, officers or managers:\n      (a) Failed to pursue, create or provide a general public benefit or a specific public benefit identified in the benefit company’s articles of incorporation or articles of organization; or\n      (b) Violated a duty or a standard of conduct prescribed under ORS 60.750 to 60.770.\n      (2) A person may commence a direct or derivative proceeding, as appropriate, to compel a benefit company to provide a general public benefit or a specific public benefit or to require a governor, member, officer or manager to act in accordance with a duty or a standard of conduct set forth in the benefit company’s articles of incorporation or articles of organization, or prescribed under ORS 60.750 to 60.770, only if the person is:\n      (a) The benefit company;\n      (b) A governor;\n      (c) A shareholder or member; or\n      (d) Another person identified in the benefit company’s bylaws, articles of incorporation or articles of organization as having a right to commence a proceeding under this section.\n      (3) A benefit company is not liable for money damages as a consequence of failing to provide a general public benefit or a specific public benefit.","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":"4e458df50ddf75128d02c1a309b3f3edd4142fe9e6ff24ed5ef07e857ecc3d1f","source_id":"us-or","stale":false,"prev":"us-or/ors-60.764","next":"us-or/ors-60.768"},"notice":"GroundRules: Original legal text. Not legal advice."}