2021 Oregon Revised Statutes
Chapter 062 - Cooperatives
Section 62.035 - Effective time and date of document.


(2) If a document specifies a delayed effective time and date, the document becomes effective at the time and date specified. If a document specifies a delayed effective date but no time, the document becomes effective at 12:01 a.m. on that date. A delayed effective date for a document may not be later than the 90th day after the date it is filed. [1987 c.94 §72; 1995 c.195 §36]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 02 - Business Organizations, Commercial Code

Chapter 062 - Cooperatives

Section 62.015 - Definitions.

Section 62.025 - Filing requirements.

Section 62.035 - Effective time and date of document.

Section 62.040 - Correcting filed document.

Section 62.050 - Filing duty of Secretary of State.

Section 62.060 - Evidentiary effect of copy of filed document.

Section 62.065 - Certificate of existence.

Section 62.125 - General powers.

Section 62.128 - Reserved name.

Section 62.131 - Cooperative name.

Section 62.145 - Membership.

Section 62.155 - Registered office and registered agent; service of process on cooperative.

Section 62.165 - Actions in excess of authority.

Section 62.175 - Capital stock; membership stock.

Section 62.185 - Certificates of stock; contents.

Section 62.195 - Voting by shareholders.

Section 62.205 - Subscription agreement for shares or agreement to pay a membership fee; default.

Section 62.235 - Recall, exchange or redemption of stock or other evidence of equity by cooperative.

Section 62.245 - Missing certificates or evidence of interest in cooperative; missing records relating to redemption of interest in cooperative.

Section 62.251 - Notice to directors, members and shareholders.

Section 62.255 - Meetings of members.

Section 62.265 - Voting by members.

Section 62.275 - Quorum of members.

Section 62.280 - Board of directors.

Section 62.283 - Standard of conduct for directors; permissible reliance on opinions and reports of others; limitation of liability.

Section 62.284 - Director conflict of interest.

Section 62.285 - Meetings of board of directors.

Section 62.286 - Loans to or guarantees for directors.

Section 62.290 - Executive committee.

Section 62.295 - Officers.

Section 62.300 - Compensation and benefits to directors, officers and employees.

Section 62.335 - Action brought in right of cooperative by member or shareholder; attorney fees.

Section 62.355 - Cooperative contracts.

Section 62.360 - Recording cooperative contracts.

Section 62.365 - Relief against breach or threatened breach of contract; penalty for interference.

Section 62.415 - Apportionment and distribution of net proceeds or savings or net losses.

Section 62.425 - Unclaimed distribution, redemptions or payments.

Section 62.430 - Payments in name of deceased owner of capital credits or retains in cooperative.

Section 62.435 - Sale or other disposition of entire assets.

Section 62.440 - Books and records; attorney fees.

Section 62.455 - Annual report; form; effect of error; update of information.

Section 62.462 - Definitions for ORS 62.462 to 62.482.

Section 62.464 - Authority to indemnify director; report to members.

Section 62.468 - Advance for expenses.

Section 62.472 - Court-ordered indemnification.

Section 62.474 - Determination and authorization of indemnification.

Section 62.476 - Indemnification of officers, employees and agents.

Section 62.482 - Application of ORS 62.462 to 62.482.

Section 62.513 - Contents of articles of incorporation; rules.

Section 62.555 - Right to amend articles of incorporation.

Section 62.560 - Shareholder voting on amendments to articles.

Section 62.565 - Articles of amendment; effect of amendment.

Section 62.570 - Restated articles.

Section 62.605 - Definitions for ORS 62.605 to 62.623.

Section 62.607 - Conversion.

Section 62.609 - Action on plan of conversion.

Section 62.611 - Articles and plan of conversion.

Section 62.613 - Effect of conversion; entity existence continues.

Section 62.617 - Merger; plan of merger.

Section 62.619 - Action on plan of merger.

Section 62.621 - Articles and plan of merger.

Section 62.623 - Effect of merger.

Section 62.655 - Voluntary dissolution by act of cooperative.

Section 62.665 - Procedure for dissolution.

Section 62.680 - Articles of dissolution.

Section 62.695 - Jurisdiction of court to dissolve cooperative and liquidate assets and business of cooperative.

Section 62.702 - Procedure for dissolution of cooperative by court.

Section 62.704 - Judgment of dissolution issued by court.

Section 62.708 - Effect of dissolution.

Section 62.712 - Disposition of known claims against dissolved cooperative.

Section 62.714 - Notice of dissolution; presentation of claims against cooperative.

Section 62.720 - Presumption of abandonment; procedure for agriculture cooperatives and others.

Section 62.765 - Definitions for ORS 62.765 to 62.792.

Section 62.768 - Election to be governed as employee cooperative; corporate name.

Section 62.774 - Qualifications of members; membership shares; rights of members.

Section 62.777 - Membership powers.

Section 62.780 - Apportionment of net earnings or losses.

Section 62.783 - Internal capital accounts; redemption of shares; collective reserve account.

Section 62.786 - Internal capital account cooperative.

Section 62.789 - Procedure for revocation of election; limits on merger.

Section 62.800 - Short title; purpose; resolution of conflicts.

Section 62.803 - Definitions for ORS 62.800 to 62.815.

Section 62.806 - Election as nonprofit cooperative.

Section 62.809 - Requirements for membership in cooperative; acceptance and entitlements of member; membership after sale of dwelling.

Section 62.812 - Distribution of cooperative assets upon dissolution.

Section 62.813 - Lienholder’s rights; rights and obligations on transfer of title; storage agreements.

Section 62.815 - Prohibited actions.

Section 62.850 - Use of term "cooperative."

Section 62.870 - Notice to members of agricultural cooperative; date; contents; effect of failure to send notice.

Section 62.992 - Penalty for signing false document.