ORS 60.594: Court costs and counsel fees.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) The court in an appraisal proceeding commenced under ORS 60.591 shall determine all costs of the proceeding, including the reasonable compensation and expenses of appraisers appointed by the court. The court shall assess the costs against the corporation, except that the court may assess costs against all or some of the dissenters, in amounts the court finds equitable, to the extent the court finds the dissenters acted arbitrarily, vexatiously, or not in good faith in demanding payment under ORS 60.587. (2) The court may also assess the fees and expenses of counsel and experts of the respective parties in amounts the court finds equitable: (a) Against the corporation and in favor of any or all dissenters if the court finds the corporation did not substantially comply with the requirements of ORS 60.561 to 60.587; or (b) Against either the corporation or a dissenter, in favor of any other party, if the court finds that the party against whom the fees and expenses are assessed acted arbitrarily, vexatiously or not in good faith with respect to the rights provided by this chapter. (3) If the court finds that the services of counsel for any dissenter were of substantial benefit to other dissenters similarly situated, and that the fees for those services should not be assessed against the corporation, the court may award to counsel reasonable fees to be paid out of the amount awarded the dissenters who were benefited. [1987 c.52 §137] DISSOLUTION (Voluntary Dissolution)
This rule cites
- ORS 60.591 — resolved
- ORS 60.587 — resolved
- ORS 60.561 — resolved
- 60.587 — resolved
Cited by
- ORS 60.211: Action without meeting.
- ORS 60.478: Effect of conversion; assumed business name.
- ORS 60.551: Definitions for ORS 60.551 to 60.594.
- ORS 60.554: Right to dissent.
- ORS 60.561: Notice of dissenters’ rights.
- ORS 60.567: Dissenters’ notice.
- ORS 60.577: Payment.
- ORS 60.813: Dissenters’ rights.
- ORS 732.529: Procedures following approval by director of proposed activity.
- ORS 732.620: Status of mutual holding company as corporation; status as insurer; rights and obligations of members; voting; articles of incorporation.
- ORS 732.630: Dissenters’ rights; action challenging validity of conversion, reorganization or restructuring.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors060.html