ORS 62.815
Prohibited actions


As used in this section, “business entity” has the meaning given that term in ORS 62.605 (Definitions for ORS 62.605 to 62.623).


A manufactured dwelling park nonprofit cooperative may not:


Issue stock in the cooperative.


Apportion, distribute or pay net proceeds or savings to members.


Make payments in redemption or refund of capital credits or retains to an heir of a member.


Merge with a business entity other than another manufactured dwelling park nonprofit cooperative.


Convert to another type of business entity. [2007 c.607 §7; 2009 c.609 §7]
Chapter 62

Atty. Gen. Opinions

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


Last accessed
Jun. 26, 2021