(1) Except as provided in subsection (2) of this section, a person may not commence a proceeding against a benefit company, or against the governors, members, officers or managers of a benefit company, to assert a claim that the benefit company, governors, members, officers or managers:\n(a) Failed to pursue, create or provide a general public benefit or a specific public benefit identified in the benefit company’s articles of incorporation or articles of organization; or\n(b) Violated a duty or a standard of conduct prescribed under ORS 60.750 to 60.770.\n(2) A person may commence a direct or derivative proceeding, as appropriate, to compel a benefit company to provide a general public benefit or a specific public benefit or to require a governor, member, officer or manager to act in accordance with a duty or a standard of conduct set forth in the benefit company’s articles of incorporation or articles of organization, or prescribed under ORS 60.750 to 60.770, only if the person is:\n(a) The benefit company;\n(b) A governor;\n(c) A shareholder or member; or\n(d) Another person identified in the benefit company’s bylaws, articles of incorporation or articles of organization as s:\n(a) The benefit company;\n(b) A governor;\n(c) A shareholder or member; or\n(d) Another person identified in the benefit company’s bylaws, articles of incorporation or articles of organization as having a right to commence a proceeding under this section.\n(3) A benefit company is not liable for money damages as a consequence of failing to provide a general public benefit or a specific public benefit. [2013 c.269 §9]\nNote:\nSee note under 60.750.
Oregon Legal Code