Source: https://www.oregonlaws.org/ors/65.369?highlight=94.803
Timestamp: 2016-12-10 01:07:30
Document Index: 265415252

Matched Legal Cases: ['§ 65', '§92', '§4', '§1', '§5', '§64', '§2']

ORS 65.369 - Liability of qualified directors - 2015 Oregon Revised Statutes
(Standards Of Conduct)
65.357 General standards for directors
65.361 Director conflict of interest
65.364 Loans to or guarantees for directors and of­fi­cers
65.367 Liability for unlawful distribu­tions
65.369 Liability of qualified directors
2015 ORS § 65.369¹
(1) The civil liability of a qualified director for the performance or nonperformance of the directors duties shall be limited to gross negligence or intentional misconduct.
(3) For the purposes of this section, qualified director means a person who serves without compensation for personal services as:
(a) A member of a board or commission of the state or a governmental subdivision for the purpose of setting policy and controlling or otherwise overseeing the activities or functional responsibilities of the board or commission but, notwithstanding ORS 30.265 (Scope of liability of public body, officers, employees and agents) (5), the entity is not thereby rendered immune from liability;
(d) An officer, director or member of an executive board for the purpose of setting policy and controlling or otherwise overseeing the activities or functional responsibilities of a nonprofit corporation, unincorporated association or nonprofit cooperative corporation composed of owners or lessees of units or interests in any condominium submitted to the provisions of ORS 100.005 (Definitions) to 100.627 (Electric vehicle charging stations), any planned community as defined in ORS 94.550 (Definitions for ORS 94.550 to 94.783), any timeshare property as defined in ORS 94.803 (Definitions for ORS 94.803 and 94.807 to 94.945), any residential cooperative community or any other residential or commercial common interest real estate community.
(4) An otherwise qualified director shall not be considered to be compensated for personal services if the director receives payment only for actual expenses incurred in attending meetings or performing a directors duties or receives a stipend which is paid only to compensate the director for average expenses incurred over the course of a year. [1989 c.1010 §§92,92a; 1991 c.64 §4; 1991 c.81 §1; 1991 c.231 §5; 1999 c.677 §64; 2011 c.270 §2]
Statute does not shield defendant directors for liability for wrongful discharge because wrongful discharge is inten­tional tort, not simple negligence. Hirsovescu v. Shangri-La Corp., 113 Or App 145, 831 P2d 73 (1992)
100.417 Board of directors of associa­tion