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§ 60.467 — Oregon Law | CourtGPT
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Oregon Legal Code

§ 60.467

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(1) A bylaw provision that fixes a greater quorum or voting requirement for the board of directors may be amended or repealed:\n(a) If the provision was originally adopted by the shareholders, only by the shareholders; or\n(b) If the provision was originally adopted by the board of directors, either by the shareholders or by the board of directors.\n(2) A bylaw provision adopted or amended by the shareholders that fixes a greater quorum or voting requirement for the board of directors may provide that it may be amended or repealed only by a specified vote of either the shareholders or the board of directors. [1987 c.52 §114; 1989 c.1040 §26]