ORS 58.187
Revision of limitations on liability in ORS 58.185 to reflect inflation or deflation

  • rules

(1)

For the purpose of revising the amounts of the limitation on joint and several liability described in ORS 58.185 (Liabilities of employees, shareholders and the corporation) (5) and (8) to reflect the effects of inflation or deflation, the Secretary of State shall multiply the amounts under ORS 58.185 (Liabilities of employees, shareholders and the corporation) (5) and (8) by the inflation factor described in this section every six years. The six-year cycle shall begin January 1, 1994. The Secretary of State shall round the amount to the nearest $50,000 and publish the revised amount as a rule not later than February 1 following the end of the six-year cycle. The revised limitation shall take effect February 1 and apply for the next six years.

(2)

For purposes of this section, the inflation factor shall be a number determined by dividing the Consumer Price Index for All Urban Consumers, West Region (All Items), as published by the Bureau of Labor Statistics of the United States Department of Labor, as of June 30 immediately preceding the calendar year in which the adjustment shall take effect, by the Portland Consumer Price Index for All Urban Consumers for All Items, using the 1982-1984 base of 100, as of December 31, 1993. [1993 c.235 §12; 1997 c.774 §8; 2019 c.57 §5]

Source: Section 58.187 — Revision of limitations on liability in ORS 58.185 to reflect inflation or deflation; rules, https://www.­oregonlegislature.­gov/bills_laws/ors/ors058.­html.

58.005
Short title 58.015
Definitions 58.035
Application to persons licensed to render professional services 58.037
Application to joint and several liability of shareholders of corporation organized under ORS chapter 60 for purpose of rendering professional services 58.045
Application of general corporation law and merger and conversion provisions 58.048
When appearance by attorney not required 58.076
Purposes for which professional corporation may be organized 58.085
Who may incorporate 58.087
When restatement of articles of incorporation required 58.101
Term of office for directors 58.115
Corporate name 58.129
Requirements to transact business in this state 58.134
Application for authority to transact business 58.136
Amended application for authority to transact business 58.141
Rights and duties of foreign professional corporation and shareholders 58.156
Method by which professional corporation to render services 58.165
Fees collected by corporation 58.185
Liabilities of employees, shareholders and the corporation 58.187
Revision of limitations on liability in ORS 58.185 to reflect inflation or deflation 58.196
Limits on merger 58.205
Corporation prohibited from doing acts prohibited to professional licensee 58.225
Annual reports 58.300
Redemption of shares 58.325
Application to professional licensing agencies 58.335
Filing of documents with professional licensing agency 58.345
Registration and renewal with professional licensing agency 58.355
Suspension, revocation or refusal of certificate of registration 58.365
Oregon State Bar as regulating board for attorneys 58.367
Authority of regulatory board to establish rules affecting professional corporation 58.369
Application of chapter to practice of dentistry 58.375
Requirements for professional corporations organized to practice medicine 58.376
Requirements for professional corporations organized to render professional health care services 58.377
Transferee of shares 58.379
Powers of professional corporation organized to practice medicine 58.381
Proxies 58.383
Issuance, sale, transfer and redemption of shares 58.385
Disqualification of physician 58.387
Disposition of shares of deceased shareholder 58.389
Price for purchase or redemption of shares of disqualified or deceased shareholder 58.400
Filing requirements 58.410
Filing, service, copying and certification fees 58.420
Effective time and date of document 58.430
Correcting filed document 58.440
Forms 58.450
Filing duty of Secretary of State 58.455
Penalty for signing false document 58.460
Appeal from Secretary of State’s refusal to file document 58.470
Evidentiary effect of copy of filed document 58.480
Certificate of existence or authorization 58.490
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Current through early 2024

§ 58.187’s source at oregon​.gov