Senate Bill 185, effective January 1, 2022, amends provisions of the nonprofit corporation law regarding the members and board of directors discussing issues and taking action by electronic mail or other electronic means without a meeting.
Senate Bill 359, effective January 1, 2020, creates procedures whereby a corporation’s board of directors may ratify a defective corporate action. It also requires the filing of articles of validation under certain circumstances, and authorizes the circuit court to take certain actions regarding the determination of the validity of corporate actions or ratifications. A defective corporate action is defined as an action that, but for a failure of authorization, is within the corporation’s power to take and would have been within the corporation’s power to take at the time the corporation took the action; and an overissue.
Senate Bill 360, operative January 1, 2020, amends numerous provisions of the Nonprofit Corporations Act on issues including electronic transmissions and notice, shell corporations, bylaws, directors, committees, quorums, rights of members, mergers, and inspection of records.
February 2022 – The Oregon Secretary of State has posted a business alert concerning a mailing it called “deceptive and confusing” that resembles the official annual report notice form, but that comes from a private company, not affiliated with the Secretary of State. The alert, which includes a copy of the annual report notice form that is being mailed by the private company, can be read in full from the Secretary of State’s website here.