Oregon Amendment of Articles to Expand Indemnification of Agents
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How to fill out Amendment Of Articles To Expand Indemnification Of Agents?
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Nonprofit organizations must register with and be certified by the Oregon Secretary of State. The Oregon Department of Justice (DOJ) regulates charitable activities in Oregon.
Task Force for Modernizing Grant Funding and Contracting The 2023 campaign for Senate Bill 606, the Oregon Nonprofit Modernization Act, aimed to help Oregon's nonprofits retain staff and continue providing essential services and promoting all Oregonians' well-being.
The indemnity clause provided that the LLC's manager ?shall not be liable for and shall be indemnified and held harmless ? from any loss or damage incurred ? in connection with the business of the Company, including costs and attorneys' fees ?
Prepare and File Articles of Incorporation Agency:Oregon Secretary of State - Corporations DivisionForm:?Articles of IncorporationFiling Method:Mail, fax, or online.Agency Fee:$50Turnaround:~7-10 business days by mail. ~1-2 business days by fax. Instantly online.2 more rows
Indemnification is a way to provide limited liability protection to the people whose role is to manage, operate or oversee a company.
Both corporations and LLCs authorize, and sometimes mandate, indemnification of agents but allow the entity to craft the indemnification terms. Indemnification encourages people to take on the responsibilities and risks of serving as decision makers for an entity.
If your organization is a mutual benefit corporation or religious and you're not planning to apply for 501(c) status, you only need one board member. If your organization is a public benefit corporation or you'll be applying for 501(c) status with the IRS, you'll need at least three board members.
ORS Chapter 65 ? Nonprofit Corporations.