Special board meetings called by director; penalty for failure to attend.

  1. Law
  2. Oregon Revised Statutes
  3. Financial Institutions, Insurance
  4. Organization to Conduct Banking Business; Stockholders, Directors and Officers
  5. Special board meetings called by director; penalty for failure to attend.

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(2) A director who fails to appear at the meeting without proper cause is subject to a penalty of up to $1,000 for each meeting the director fails to attend. The penalty shall be collected in the manner prescribed by ORS 706.570. [Amended by 1973 c.797 §91; 1997 c.631 §97]


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