Partnerships

ORS 67.362
Action on plan of merger


(1)

A plan of merger shall be approved by each business entity that is a party to the merger, as follows:

(a)

In the case of a partnership, by unanimous vote of the partners, or by the number or percentage specified for merger in its partnership agreement; and

(b)

In the case of a business entity other than a partnership, as provided by the statutes governing that business entity.

(2)

After a merger is authorized, and at any time before articles of merger are filed, the planned merger may be abandoned, subject to any contractual rights:

(a)

By the partnership, without further action by the partners, in accordance with the procedure set forth in the plan of merger or the partnership agreement; and

(b)

By a party to the merger that is not a partnership, in accordance with the procedure set forth in the plan of merger or, if none is set forth, in the manner permitted by the statutes governing that business entity. [1999 c.362 §47]

Source

Last accessed
Jun. 26, 2021