Oregon § 65.554 Authorized distributions

Oregon Statutes

§ 65.554 — Authorized distributions

Oregon § 65.554

Vol.2

Title 7Corporations and Partnerships

Ch. 65Nonprofit Corporations

This text of Oregon § 65.554 (Authorized distributions) 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. § 65.554 (2026).

Text

Unless prohibited by the corporation’s articles of incorporation or bylaws:

(1)A mutual benefit corporation may purchase the mutual benefit corporation’s memberships and, under the circumstances indicated in ORS 65.147 and 65.171, a public benefit corporation or religious corporation may purchase the public benefit corporation’s or religious corporation’s memberships, if after the purchase is completed:

(a)The corporation would be able to pay the corporation’s debts as they become due in the usual course of the corporation’s activities; and

(b)The corporation’s total assets would at least equal the sum of the corporation’s total liabilities.

(2)A corporation may make distributions upon dissolution in conformity with ORS 65.621 to 65.674.

(3)A corporation may make distributions to a me

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Unless prohibited by the corporation’s articles of incorporation or bylaws:
(1) A mutual benefit corporation may purchase the mutual benefit corporation’s memberships and, under the circumstances indicated in ORS 65.147 and 65.171, a public benefit corporation or religious corporation may purchase the public benefit corporation’s or religious corporation’s memberships, if after the purchase is completed:
(a) The corporation would be able to pay the corporation’s debts as they become due in the usual course of the corporation’s activities; and
(b) The corporation’s total assets would at least equal the sum of the corporation’s total liabilities.
(2) A corporation may make distributions upon dissolution in conformity with ORS 65.621 to 65.674.
(3) A corporation may make distributions to a member that is a religious corporation or public benefit corporation or to a foreign nonprofit corporation that, if incorporated in this state, would qualify as a religious corporation or public benefit corporation. [1989 c.1010 §129; 2019 c.174 §87]
(Voluntary Dissolution)