1. (1) “Agricultural Cooperative” means a cooperative corporation formed in accordance with the Oregon Cooperative Corporation Act for the benefit of agricultural landowners or operators.
2. (2) “Succession Planning” means an ongoing process for ensuring the continuation and economic viability of a business over generations of owners or operators. It may include strategies to identify, develop, and empower the next generation of owners or operators, a plan to transfer business and family assets, and arrangements for each generation’s retirement and long-term care. Succession plans are fluid and may be reviewed and updated throughout the existence of the business.

Statutory/Other Authority

ORS 541.984, ORS 541.988 & ORS 541.989

Statutes/Other Implemented

ORS 541.977-541.989

History

OAHP 1-2025, amend filed 01/31/2025, effective 01/31/2025
OAHP 1-2019, adopt filed 01/28/2019, effective 02/01/2019