Cooperatives

ORS 62.605
Definitions for ORS 62.605 to 62.623


As used in this section and ORS 62.607 (Conversion) to 62.623 (Effect of merger):

(1)

“Business entity” means:

(a)

Any of the following for-profit entities:

(A)

A professional corporation organized under ORS chapter 58, predecessor law or comparable law of another jurisdiction;

(B)

A corporation organized under ORS chapter 60, predecessor law or comparable law of another jurisdiction;

(C)

A limited liability company organized under ORS chapter 63 or comparable law of another jurisdiction;

(D)

A partnership organized in Oregon after January 1, 1998, or that is registered as a limited liability partnership, or that has elected to be governed by ORS chapter 67, and a partnership governed by law of another jurisdiction that expressly provides for conversions and mergers; and

(E)

A limited partnership organized under ORS chapter 70, predecessor law or comparable law of another jurisdiction; and

(b)

A cooperative organized under this chapter, predecessor law or comparable law of another jurisdiction.

(2)

“Organizational document” means the following for an Oregon business entity or, for a foreign business entity, a document equivalent to the following:

(a)

In the case of a corporation, professional corporation or cooperative, articles of incorporation;

(b)

In the case of a limited liability company, articles of organization;

(c)

In the case of a partnership, a partnership agreement and, for a limited liability partnership, its registration; and

(d)

In the case of a limited partnership, a certificate of limited partnership.

(3)

“Owner” means a:

(a)

Shareholder of a corporation or of a professional corporation;

(b)

Member or shareholder of a cooperative;

(c)

Member of a limited liability company;

(d)

Partner of a partnership; and

(e)

General partner or limited partner of a limited partnership. [1957 c.716 §42; 1995 c.195 §38; 1999 c.362 §18; 2003 c.80 §17b]
Chapter 62

Atty. Gen. Opinions

Homestead as applied to a shareholder-tenant in a cooperative apartment, (1971) Vol 35, p 897


Source

Last accessed
Jun. 26, 2021