Or. Rev. Stat. § 62.815
Prohibited actions
Oregon · Oregon Revised Statutes Chapter 62 — Cooperatives · Status: effective
Cite this
- Citation
- Or. Rev. Stat. § 62.815, Prohibited actions, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2453416
- Permanent ID
ys:prov:2453416@1- SHA-256
e28804aea237e6b8868a2604ab7a921c2632b715fe73397bf486950c2a1b4e1a
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) As used in this section, “business entity” has the meaning given that term in ORS 62.605.
(2) A manufactured dwelling park nonprofit cooperative may not:
(a) Issue stock in the cooperative.
(b) Apportion, distribute or pay net proceeds or savings to members.
(c) Make payments in redemption or refund of capital credits or retains to an heir of a member.
(d) Merge with a business entity other than another manufactured dwelling park nonprofit cooperative.
(e) Convert to another type of business entity.