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Section 60.314 - Terms of directors generally.

OR Rev Stat § 60.314 (2019) (N/A)
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(2) The terms of all other directors expire at the next annual shareholders’ meeting following their election unless their terms are staggered under ORS 60.317.

(3) A decrease in the number of directors does not shorten an incumbent director’s term.

(4) The term of a director elected by the board of directors to fill a vacancy expires at the next shareholders’ meeting at which directors are elected.

(5) Despite the expiration of a director’s term, the director continues to serve until the director’s successor is elected and qualifies or until there is a decrease in the number of directors. [1987 c.52 §72; 1989 c.1040 §20]

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Section 60.311 - Election of directors by certain classes of shareholders.
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Section 60.317 - Staggered terms for directors.