(a) To carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute; or
(b) In a proceeding brought by the Attorney General to correct the statement in the articles of incorporation or the annual report with regard to whether the corporation is a public benefit corporation or mutual benefit corporation or, subject to the provisions of ORS 65.042, a religious corporation.
(2) The articles of incorporation after amendment must contain only provisions required or permitted by ORS 65.047.
(3) The individual or individuals designated by the court in a reorganization proceeding, or the Attorney General in a proceeding brought by the Attorney General, shall deliver to the Secretary of State for filing articles of amendment setting forth:
(a) The name of the corporation;
(b) The text of each amendment approved by the court;
(c) The date of the court’s order or decree approving the articles of amendment;
(d) The title of the proceeding in which the order or decree was entered; and
(e) A statement whether the court had jurisdiction of the proceeding under federal statute or under subsection (1)(b) of this section.
(4) This section does not apply after entry of a final decree in the reorganization proceeding even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan. [1989 c.1010 §113; 2019 c.174 §78]