2015 ORS 60.407¹
Indemnification of officers, employees and agents

Unless a corporations articles of incorporation provide otherwise:

(1) An officer of the corporation is entitled to mandatory indemnification under ORS 60.394 (Mandatory indemnification), and is entitled to apply for court-ordered indemnification under ORS 60.401 (Court-ordered indemnification), in each case to the same extent as a director under ORS 60.394 (Mandatory indemnification) and 60.401 (Court-ordered indemnification).

(2) The corporation may indemnify and advance expenses under ORS 60.387 (Definitions for ORS 60.387 to 60.414) to 60.411 (Insurance) to an officer, employee or agent of the corporation to the same extent as to a director. [1987 c.52 §100]

Chapter 60

Notes of Decisions

In General

Owner of corporate shares that does not meet defini­tion for shareholder does not have statutorily created inspec­tion rights. Yeoman v. Public Safety Center, Inc., 241 Or App 255, 250 P3d 411 (2011), Sup Ct review denied

Atty. Gen. Opinions

Under Former Similar Statutes (Ors Chapter 58)

This chapter as authorizing partnership of corpora­tion and individual; validity of partnership between a private corpora­tion and an individual when corpora­tion charter so provides, (1972) Vol 36, p 94

Law Review Cita­tions

Under Former Similar Statutes (Ors Chapter 57)

18 WLR 123 (1982)

In General

24 WLR 203, 257, 275 (1988); 30 WLR 407 (1994)


1 Legislative Counsel Committee, CHAPTER 60—Private Corporations, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors060.­html (2015) (last ac­cessed Jul. 16, 2016).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2015, Chapter 60, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano060.­html (2015) (last ac­cessed Jul. 16, 2016).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.