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Oregon Revised Statutes

Substantive Provisions

Substantive Provisions

62.115Purposes for which cooperatives may be organized 62.125General powers 62.128Reserved name 62.131Cooperative name 62.135Bylaws 62.145Membership 62.155Registered office and registered agent; service of process on cooperative 62.165Actions in excess of authority 62.175Capital stock; membership stock 62.185Certificates of stock; contents 62.195Voting by shareholders 62.205Subscription agreement for shares or agreement to pay a membership fee; default 62.215Limitation of liability of members and shareholders 62.225Dividends on capital stock 62.235Recall, exchange or redemption of stock or other evidence of equity by cooperative 62.245Missing certificates or evidence of interest in cooperative; missing records relating to redemption of interest in cooperative 62.251Notice to directors, members and shareholders 62.255Meetings of members 62.265Voting by members 62.275Quorum of members 62.280Board of directors 62.283Standard of conduct for directors; permissible reliance on opinions and reports of others; limitation of liability 62.284Director conflict of interest 62.285Meetings of board of directors 62.286Loans to or guarantees for directors 62.287Directors’ meeting by conference telephone or similar communications equipment 62.290Executive committee 62.295Officers 62.300Compensation and benefits to directors, officers and employees 62.305Taking action without meeting; effective date of action 62.315Waiver of notice 62.325Voting requirements of articles 62.335Action brought in right of cooperative by member or shareholder; attorney fees 62.355Cooperative contracts 62.360Recording cooperative contracts 62.365Relief against breach or threatened breach of contract; penalty for interference 62.370Civil action for inducing breach of contract with cooperative or spreading false reports about cooperative 62.415Apportionment and distribution of net proceeds or savings or net losses 62.425Unclaimed distribution, redemptions or payments 62.430Payments in name of deceased owner of capital credits or retains in cooperative 62.435Sale or other disposition of entire assets 62.440Books and records; attorney fees 62.455Annual report; form; effect of error; update of information