(1) A corporations board of directors may amend or repeal the corporations bylaws unless: (a) The articles of incorporation or this chapter reserve this power exclusively to the shareholders in whole or in part; or (b) The shareholders in amending or repealing a particular bylaw provide expressly that the board of directors may not amend or repeal that bylaw. (2) A corporations shareholders may amend or repeal the corporations bylaws even though the bylaws may also be amended or repealed by its board of directors.
‹ Prev All Oregon sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.