Oregon corporate bylaws are essential documents that establish the governance structure and operational guidelines within a corporation. They detail the duties and rights of directors and shareholders, specify procedures for corporate meetings, share issuance, and indemnification policies.
Although not filed with the Secretary of State, these bylaws are pivotal for seamless business operations, allowing modifications by the board or shareholders to adapt to the corporation’s changing needs.
Naming Considerations
- Required Words: “Company,” “Corporation,” “Incorporated,” “Limited,” or An abbreviation thereof (choose one).
- Prohibited Words: “Cooperative”.
- Name Reservation Period: 120 days.
- Renewal Period: Non-specified in statutes.
- Transferability: Yes.
Emergency Bylaws
In the event of a disaster that impedes the board of directors from gathering a quorum, emergency bylaws can be activated for the emergency’s duration (§ 60.081).
