ORS 65.554
Authorized distributions
(1)
A mutual benefit corporation may purchase the mutual benefit corporation’s memberships and, under the circumstances indicated in ORS 65.147 (Transfers) and 65.171 (Acquiring memberships), 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 (Dissolution by incorporators) to 65.674 (Deposit with State Treasurer).(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]
Source:
Section 65.554 — Authorized distributions, https://www.oregonlegislature.gov/bills_laws/ors/ors065.html.
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