United States · Oregon

Directors' resolutions requirements in Oregon (ORS Ch. 60)

What a Oregon corporation must know about directors' resolutions requirements under Oregon Business Corporation Act, ORS § 60.001 et seq.: statute citations, mechanics, and inspection rights.

Governing statute
Oregon Business Corporation Act, ORS § 60.001 et seq.
ORS § 60.351Action without meeting
ORS § 60.341Meetings
ORS § 60.361Conflict-of-interest
ORS § 60.357Duty of directors
At a glance
  • Action by unanimous written consent in lieu of a meeting is permitted under all 50 states' MBCA-framework statutes
  • Effective on the date of the last signature, unless otherwise specified
  • Conflict-of-interest rules require disclosure plus safe-harbor approval (disinterested directors or shareholders)
  • Resolutions filed in the corporate records; available for shareholder inspection under state rules
  • Electronic signatures permitted under each state's UETA-equivalent legislation

What the ORS Ch. 60 requires

ORS § 60.351 permits Oregon corporations to act by unanimous written consent of directors.

  • Every director entitled to vote must sign
  • The resolution is dated as of the last signature
  • It is filed to the corporate records with the original signatures
  • Counterpart execution is acceptable — each director can sign a separate copy

Conflict of interest

Directors with a material interest in a contract or transaction must disclose under the applicable statute and, generally, cannot vote on the related resolution. Most MBCA-state statutes provide three safe harbors: disclosure to disinterested directors who approve, disclosure to shareholders who ratify, or demonstrated fairness to the corporation.

Validity despite procedural irregularities

Most state corporation codes provide protection: acts of directors are valid notwithstanding defects in their election, appointment, or qualification later discovered. This protects third parties who relied on the directors' authority in good faith.

In Octelligence
Directors' resolutions, drafted and signed in minutes.

Octelligence provides jurisdiction-specific resolution templates for every common board action. Electronic signatures by all directors, filed automatically to the corporate records.

See Digital Corporate Records
Resolutions that hold up
Pass resolutions that survive diligence.

Templates per state, electronic signature, complete activity log, every resolution tied to its underlying transaction.