Unless the articles of incorporation provide otherwise, a corporation’s board of directors may adopt one or more amendments to the corporation’s articles of incorporation without shareholder action to:\n(1) Extend the duration of the corporation if it was incorporated at a time when limited duration was required by law;\n(2) Delete the names and addresses of the initial directors;\n(3) Delete the name and address of the initial registered agent or registered office, if a statement of change is on file with the office of the Secretary of State;\n(4) Delete the mailing address if an annual report has been filed with the office of the Secretary of State;\n(5) Change the corporate name by substituting the word 'corporation,' 'incorporated,' 'company,' 'limited,' or the abbreviation 'corp.,' 'inc.,' 'co.' or 'ltd.,' for a similar word or abbreviation in the name, or by adding, deleting or changing a geographical attribution for the name;\n(6) In the case of a corporation registered as an open-end investment company under the Investment Company Act of 1940, as amended, increase or decrease the number of shares the corporation is authorized to issue; or\n(7) Make any other change as an open-end investment company under the Investment Company Act of 1940, as amended, increase or decrease the number of shares the corporation is authorized to issue; or\n(7) Make any other change expressly permitted by this chapter to be made without shareholder action. [1987 c.52 §104; 1989 c.1040 §23; 1991 c.883 §8; 1997 c.249 §25]
Oregon Legal Code