2021 Oregon Revised Statutes
Chapter 058 - Professional Corporations
Section 58.385 - Disqualification of physician; disposition of shares.


(2) If a physician practicing medicine on behalf of a professional corporation is disqualified from practicing medicine for six months or less or assumes a public office, the duties of which prohibit practicing medicine for six months or less under the rules of the Oregon Medical Board or other law, the physician may retain ownership of the shares in the corporation and may remain a director and officer of the corporation during the period of disqualification, unless otherwise prohibited under the rules of the Oregon Medical Board or by law. [1997 c.774 ยง22]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 02 - Business Organizations, Commercial Code

Chapter 058 - Professional Corporations

Section 58.015 - Definitions.

Section 58.037 - Application to joint and several liability of shareholders of corporation organized under ORS chapter 60 for purpose of rendering professional services; exemption; application to architects.

Section 58.045 - Application of general corporation law and merger and conversion provisions.

Section 58.076 - Purposes for which professional corporation may be organized.

Section 58.085 - Who may incorporate; contents of articles of incorporation.

Section 58.101 - Term of office for directors; classes.

Section 58.129 - Requirements to transact business in this state.

Section 58.134 - Application for authority to transact business.

Section 58.141 - Rights and duties of foreign professional corporation and shareholders; authority to transact business.

Section 58.156 - Method by which professional corporation to render services; exceptions.

Section 58.185 - Liabilities of employees, shareholders and the corporation.

Section 58.187 - Revision of limitations on liability in ORS 58.185 to reflect inflation or deflation; rules.

Section 58.196 - Limits on merger.

Section 58.355 - Suspension, revocation or refusal of certificate of registration.

Section 58.365 - Oregon State Bar as regulating board for attorneys; appeals from Oregon State Bar to Supreme Court; rules applicable to corporations rendering legal services.

Section 58.375 - Requirements for professional corporations organized to practice medicine; application to various entities.

Section 58.376 - Requirements for professional corporations organized to render professional health care services.

Section 58.381 - Proxies.

Section 58.383 - Issuance, sale, transfer and redemption of shares.

Section 58.385 - Disqualification of physician; disposition of shares.

Section 58.387 - Disposition of shares of deceased shareholder.

Section 58.400 - Filing requirements.

Section 58.420 - Effective time and date of document.

Section 58.430 - Correcting filed document.

Section 58.450 - Filing duty of Secretary of State; rules.

Section 58.455 - Penalty for signing false document.

Section 58.470 - Evidentiary effect of copy of filed document.

Section 58.480 - Certificate of existence or authorization.