Oregon § 62.815 Prohibited actions

Oregon Statutes

§ 62.815 — Prohibited actions

Oregon § 62.815

Vol.2

Title 7Corporations and Partnerships

Ch. 62Cooperatives

This text of Oregon § 62.815 (Prohibited actions) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 62.815 (2026).

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.

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(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.