Section 65.221 - Record date.

OR Rev Stat § 65.221 (2019) (N/A)
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(a) To determine the members entitled to notice of a members’ meeting, the record date is the day before the day on which first notice is mailed or otherwise transmitted to members in accordance with ORS 65.034, or if notice is waived, the day preceding the day on which the meeting is held.

(b) To determine the members entitled to demand a special meeting, the record date is as set forth in ORS 65.204 (2).

(c) To determine the members entitled to take action without a meeting, the record date is as set forth in ORS 65.211 (2).

(d) To determine the members entitled to vote at a members’ meeting, the record date is the date of the meeting.

(e) To determine the members entitled to exercise any rights in respect to any other lawful action, the record date is the day on which the board adopts the resolution that relates to the other action, or the 60th day before the date of the other action, whichever is later.

(2) A record date fixed under this section may not be more than 70 days before the meeting or action that requires a determination of members.

(3) A determination of members entitled to notice of or to vote at a membership meeting is effective for any adjournment of the meeting unless the board fixes a new record date, which the board must do if the meeting is adjourned to a date more than 120 days after the date fixed for the original meeting.

(4) If a court orders a meeting adjourned to a date more than 120 days after the date fixed for the original meeting, the court may provide that the original record date continues in effect or the court may fix a new record date. [1989 c.1010 §58; 2013 c.158 §28; 2013 c.274 §10]