62.565 Articles of amendment; effect of amendment
184 words·~1 min read·
/or/ors-chapter-62/cooperatives/amendment-of-articles/62-565·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
62.565 Articles of amendment; effect of amendment.
(1)Following adoption of an amendment or amendments to articles as provided in this chapter, articles of amendment shall set forth:
(a)The name of the cooperative.
(b)The text of each amendment adopted.
(c)The date of the adoption of the amendment by the members.
(d)The numbers of members voting for and against the amendment.
(e)If affected shareholders had the right to vote under ORS 62.560, the number of affected shareholders, the number of shareholder votes entitled to be voted thereon, and the numbers of such votes cast for and against the amendment.
(2)No amendment shall affect any existing cause of action in favor of or against the cooperative, or any pending suit to which the cooperative is a party, or the existing rights of persons other than members or affected shareholders; and, if the cooperative’s name is changed by amendment, no suit brought by or against the cooperative under its former name shall abate for that reason. [1957 c.716 §40; 1981 c.633 §63; 1985 c.728 §69; 1987 c.94 §85; 1995 c.195 §32]