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Section 62.015 - Definitions. - (1) "Anniversary" means the day each year exactly one or...
Section 62.025 - Filing requirements. - (A) Satisfy the requirements set forth in this section and...
Section 62.035 - Effective time and date of document. - (2) If a document specifies a delayed effective time and...
Section 62.040 - Correcting filed document. - (2) A cooperative shall correct a document by delivering articles...
Section 62.050 - Filing duty of Secretary of State. - (2) The Secretary of State files a document by indicating...
Section 62.060 - Evidentiary effect of copy of filed document. - (2) The provisions of ORS 56.110 apply to all documents...
Section 62.065 - Certificate of existence. - (2) A certificate of existence when issued means that: (a)...
Section 62.125 - General powers. - (1) To have perpetual succession unless a limited period of...
Section 62.128 - Reserved name. - (2) If the Secretary of State finds that the corporate...
Section 62.131 - Cooperative name. - (2) The name of a cooperative shall be distinguishable upon...
Section 62.145 - Membership. - (2) Qualifications for membership and method of acceptance of members...
Section 62.155 - Registered office and registered agent; service of process on cooperative. - (a) A registered office that may be, but need not...
Section 62.165 - Actions in excess of authority. - (1) A member, shareholder or director against the cooperative to...
Section 62.175 - Capital stock; membership stock. - (2) The articles may require that members own one or...
Section 62.185 - Certificates of stock; contents. - (1) The name of the cooperative, number and class of...
Section 62.195 - Voting by shareholders. - (a) Shares standing in the name of another domestic or...
Section 62.205 - Subscription agreement for shares or agreement to pay a membership fee; default. - (a) Otherwise provided by the subscription agreement or the agreement...
Section 62.235 - Recall, exchange or redemption of stock or other evidence of equity by cooperative. - (2) When shares are acquired, recalled, exchanged or redeemed by...
Section 62.245 - Missing certificates or evidence of interest in cooperative; missing records relating to redemption of interest in cooperative. - (2) When records showing ownership of membership in a cooperative...
Section 62.251 - Notice to directors, members and shareholders. - (2)(a) Notice in writing may be delivered by hand, by...
Section 62.255 - Meetings of members. - (2) An annual meeting of the members shall be held...
Section 62.265 - Voting by members. - (2) Members may not vote by proxy, except that a...
Section 62.275 - Quorum of members. - (2) Any action taken at a member meeting of a...
Section 62.280 - Board of directors. - (2) If authorized by the bylaws of the cooperative, a...
Section 62.283 - Standard of conduct for directors; permissible reliance on opinions and reports of others; limitation of liability. - (2) In discharging the duties of a director, a director...
Section 62.284 - Director conflict of interest. - (a) The material facts of the transaction and the director’s...
Section 62.285 - Meetings of board of directors. - (2) Regular meetings of the board may be held with...
Section 62.286 - Loans to or guarantees for directors. - (a) The particular loan or guarantee is approved by a...
Section 62.290 - Executive committee. - (a) Apportionment or distribution of net proceeds, savings or losses....
Section 62.295 - Officers. - (2) The bylaws may provide for a chairperson of the...
Section 62.300 - Compensation and benefits to directors, officers and employees. - (2) Unless the bylaws provide otherwise, no director shall hold...
Section 62.335 - Action brought in right of cooperative by member or shareholder; attorney fees. - (a) Alleges in the complaint that the member or shareholder...
Section 62.355 - Cooperative contracts. - (a) Sell, market or deliver to or through the cooperative...
Section 62.360 - Recording cooperative contracts. - (a) A true copy of the uniform contract; and (b)...
Section 62.365 - Relief against breach or threatened breach of contract; penalty for interference. - (2) Any person who, with knowledge that a contract exists,...
Section 62.415 - Apportionment and distribution of net proceeds or savings or net losses. - (2) The apportionment, distribution and payment of net proceeds or...
Section 62.425 - Unclaimed distribution, redemptions or payments. - (2) This section applies to payments authorized before or after...
Section 62.430 - Payments in name of deceased owner of capital credits or retains in cooperative. - (a) The surviving spouse of the deceased owner; (b) If...
Section 62.435 - Sale or other disposition of entire assets. - (2) If a sale, lease, exchange or other disposition of...
Section 62.440 - Books and records; attorney fees. - (2) In any action or proceeding to enforce the rights...
Section 62.455 - Annual report; form; effect of error; update of information. - (a) The name of the cooperative. (b) The street address...
Section 62.462 - Definitions for ORS 62.462 to 62.482. - (1) "Cooperative" includes any domestic or foreign predecessor entity of...
Section 62.464 - Authority to indemnify director; report to members. - (a) The conduct of the individual was in good faith;...
Section 62.468 - Advance for expenses. - (a) The director furnishes the cooperative a written affirmation of...
Section 62.472 - Court-ordered indemnification. - (1) The director is entitled to mandatory indemnification under ORS...
Section 62.474 - Determination and authorization of indemnification. - (2) A determination that indemnification of a director is permissible...
Section 62.476 - Indemnification of officers, employees and agents. - (1) An officer of the cooperative is entitled to mandatory...
Section 62.482 - Application of ORS 62.462 to 62.482. - (a) Any director as authorized by the articles of incorporation,...
Section 62.513 - Contents of articles of incorporation; rules. - (a) The name of the cooperative, which satisfies the requirements...
Section 62.555 - Right to amend articles of incorporation. - (2) Amendments to the articles shall be made in the...
Section 62.560 - Shareholder voting on amendments to articles. - (2) If any shareholder is entitled to vote on a...
Section 62.565 - Articles of amendment; effect of amendment. - (a) The name of the cooperative. (b) The text of...
Section 62.570 - Restated articles. - (2) Restated articles of incorporation shall contain all the statements...
Section 62.605 - Definitions for ORS 62.605 to 62.623. - (1) "Business entity" means: (a) Any of the following for-profit...
Section 62.607 - Conversion. - (b) A cooperative organized under this chapter may be converted...
Section 62.609 - Action on plan of conversion. - (a) In the case of a cooperative, in the manner...
Section 62.611 - Articles and plan of conversion. - (a) File articles of conversion that state the name and...
Section 62.613 - Effect of conversion; entity existence continues. - (a) The business entity continues its existence despite the conversion;...
Section 62.617 - Merger; plan of merger. - (a) The merger is permitted by the laws of this...
Section 62.619 - Action on plan of merger. - (a) In the case of a cooperative, the board shall...
Section 62.621 - Articles and plan of merger. - (a) Articles of merger that set forth the name and...
Section 62.623 - Effect of merger. - (a) Every other business entity that is a party to...
Section 62.655 - Voluntary dissolution by act of cooperative. - (1) The board shall adopt a resolution directing that the...
Section 62.665 - Procedure for dissolution. - (1) The cooperative shall proceed to collect its assets, convey...
Section 62.680 - Articles of dissolution. - (a) The name of the cooperative. (b) The date dissolution...
Section 62.695 - Jurisdiction of court to dissolve cooperative and liquidate assets and business of cooperative. - (a) In an action by a member or shareholder when...
Section 62.702 - Procedure for dissolution of cooperative by court. - (2) The court may appoint an individual or a domestic...
Section 62.704 - Judgment of dissolution issued by court. - (2) After entering the judgment of dissolution, the court shall...
Section 62.708 - Effect of dissolution. - (a) Collecting its assets; (b) Disposing of its properties that...
Section 62.712 - Disposition of known claims against dissolved cooperative. - (2) The dissolved cooperative shall notify its known claimants in...
Section 62.714 - Notice of dissolution; presentation of claims against cooperative. - (2) The notice must: (a) Be published one time in...
Section 62.720 - Presumption of abandonment; procedure for agriculture cooperatives and others. - (2) All unclaimed property specified in the report required by...
Section 62.765 - Definitions for ORS 62.765 to 62.792. - (1) "Employee cooperative" means a corporation which has elected to...
Section 62.768 - Election to be governed as employee cooperative; corporate name. - (2) A corporation so electing shall be governed by all...
Section 62.774 - Qualifications of members; membership shares; rights of members. - (2) An employee cooperative shall issue a class of voting...
Section 62.777 - Membership powers. - (2) The power to amend or repeal bylaws of an...
Section 62.780 - Apportionment of net earnings or losses. - (b) As used in this subsection, "patronage" means the amount...
Section 62.783 - Internal capital accounts; redemption of shares; collective reserve account. - (b) As used in this subsection, "written notice of allocation"...
Section 62.786 - Internal capital account cooperative. - (2) An internal capital account cooperative shall credit the paid-in...
Section 62.789 - Procedure for revocation of election; limits on merger. - (2) An employee cooperative which has not revoked its election...
Section 62.800 - Short title; purpose; resolution of conflicts. - (2) The purpose of ORS 62.800 to 62.815 is to...
Section 62.803 - Definitions for ORS 62.800 to 62.815. - (1) "Lienholder" means the holder of a manufactured dwelling lien:...
Section 62.806 - Election as nonprofit cooperative. - (2) A cooperative may not revoke an election made under...
Section 62.809 - Requirements for membership in cooperative; acceptance and entitlements of member; membership after sale of dwelling. - (a) Is a natural person; (b) Owns a manufactured dwelling...
Section 62.812 - Distribution of cooperative assets upon dissolution. - (2) If a manufactured dwelling park nonprofit cooperative dissolves, after...
Section 62.813 - Lienholder’s rights; rights and obligations on transfer of title; storage agreements. - (a) A member of the cooperative who is identified in...
Section 62.815 - Prohibited actions. - (2) A manufactured dwelling park nonprofit cooperative may not: (a)...
Section 62.850 - Use of term "cooperative." - (b) The provisions of paragraph (a) of this subsection do...
Section 62.870 - Notice to members of agricultural cooperative; date; contents; effect of failure to send notice. - Note: 62.870 was enacted into law by the Legislative Assembly...
Section 62.992 - Penalty for signing false document. - (a) Knows the document is false in any material respect;...