If a public benefit corporation has not conducted a meeting of the members and if members have not actively participated in the public benefit corporations affairs for three years or more, the public benefit corporations board of directors may act in accordance with ORS 65.434 to amend the articles of incorporation to state that the public benefit corporation does not have members if: (1) The board first notifies any known members and posts a notice on the public benefit corporations website or otherwise gives comparable notice to the public of the proposed amendment to the articles of incorporation; and (2) The board does not receive an objection from any member within 30 days after the date of the notice.
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