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Section 65.314 - Terms of directors generally.

OR Rev Stat § 65.314 (2019) (N/A)
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(2) A decrease in the number of directors or term of office does not shorten an incumbent director’s term.

(3) Except as provided in the articles of incorporation or bylaws:

(a) The term of a director filling a vacancy in the office of an elected director expires at the next election of directors; and

(b) The term of a director filling any other vacancy expires at the end of the unexpired term that the director is filling.

(4) Despite the expiration of a director’s term, the director continues to serve until the director’s successor is elected, designated or appointed and qualifies, or until there is a decrease in the number of directors. [1989 c.1010 §74; 2019 c.174 §53]

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Section 65.311 - Election, designation and appointment of directors.
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Section 65.317 - Staggered terms for directors.