ORS Chapter 62

Chapter 62 — Cooperatives

 

2009 EDITION

 

 

COOPERATIVES

 

CORPORATIONSAND PARTNERSHIPS

 

GENERALPROVISIONS

 

(ShortTitle and Definitions)

 

62.005       Shorttitle

 

62.015       Definitions

 

(FilingDocuments)

 

62.025       Filingrequirements

 

62.030       Filing,service, copying and certification fees

 

62.035       Effectivetime and date of document

 

62.040       Correctingfiled document

 

62.045       Forms;rules

 

62.050       Filingduty of Secretary of State

 

62.055       Appealfrom Secretary of State’s refusal to file document

 

62.060       Evidentiaryeffect of copy of filed document

 

62.065       Certificateof existence

 

SUBSTANTIVEPROVISIONS

 

62.115       Purposesfor which cooperatives may be organized

 

62.125       Generalpowers

 

62.128       Reservedname

 

62.131       Cooperativename

 

62.135       Bylaws

 

62.145       Membership

 

62.155       Registeredoffice and registered agent; service of process on cooperative

 

62.165       Actionsin excess of authority

 

62.175       Capitalstock; membership stock

 

62.185       Certificatesof stock; contents

 

62.195       Votingby shareholders

 

62.205       Subscriptionagreement for shares or agreement to pay a membership fee; default

 

62.215       Limitationof liability of members and shareholders

 

62.225       Dividendson capital stock

 

62.235       Recall,exchange or redemption of stock or other evidence of equity by cooperative

 

62.245       Missingcertificates or evidence of interest in cooperative; missing records relatingto redemption of interest in cooperative

 

62.255       Meetingsof members

 

62.265       Votingby members

 

62.275       Quorumof members

 

62.280       Boardof directors

 

62.283       Standardof conduct for directors; permissible reliance on opinions and reports ofothers; limitation of liability

 

62.284       Directorconflict of interest

 

62.285       Meetingsof board of directors

 

62.286       Loansto or guarantees for directors

 

62.287       Directors’meeting by conference telephone or similar communications equipment

 

62.290       Executivecommittee

 

62.295       Officers

 

62.300       Compensationand benefits to directors, officers and employees

 

62.305       Takingaction without meeting; effective date of action

 

62.315       Waiverof notice

 

62.325       Votingrequirements of articles

 

62.335       Actionbrought in right of cooperative by member or shareholder; attorney fees

 

62.355       Cooperativecontracts

 

62.360       Recordingcooperative contracts

 

62.365       Reliefagainst breach or threatened breach of contract; penalty for interference

 

62.370       Civilaction for inducing breach of contract with cooperative or spreading falsereports about cooperative

 

62.415       Apportionmentand distribution of net proceeds or savings or net losses

 

62.425       Unclaimeddistribution, redemptions or payments

 

62.430       Paymentsin name of deceased owner of capital credits or retains in cooperative

 

62.435       Saleor other disposition of entire assets

 

62.440       Booksand records; attorney fees

 

62.455       Annualreport; form; effect of error; amendment

 

INDEMNIFICATIONOF DIRECTORS

 

62.462       Definitionsfor ORS 62.462 to 62.482

 

62.464       Authorityto indemnify director; report to members

 

62.466       Mandatoryindemnification of director

 

62.468       Advancefor expenses

 

62.472       Court-orderedindemnification

 

62.474       Determinationand authorization of indemnification

 

62.476       Indemnificationof officers, employees and agents

 

62.478       Insurance

 

62.482       Applicationof ORS 62.462 to 62.482

 

FORMATIONOF COOPERATIVES

 

62.511       Incorporators;articles of incorporation; rules

 

62.513       Contentsof articles of incorporation; rules

 

62.515       Organizationmeeting of directors

 

AMENDMENTOF ARTICLES

 

62.555       Rightto amend articles of incorporation

 

62.560       Shareholdervoting on amendments to articles

 

62.565       Articlesof amendment; effect of amendment

 

62.570       Restatedarticles

 

CONVERSIONSAND MERGERS

 

62.605       Definitionsfor ORS 62.605 to 62.623

 

62.607       Conversion

 

62.609       Actionon plan of conversion

 

62.611       Articlesof conversion

 

62.613       Effectof conversion; entity existence continues

 

62.617       Merger;plan of merger

 

62.619       Actionon plan of merger

 

62.621       Articlesof merger

 

62.623       Effectof merger

 

DISSOLUTION

 

62.655       Voluntarydissolution by act of cooperative

 

62.665       Procedurefor dissolution

 

62.670       Revocationof voluntary dissolution

 

62.675       Effectof revocation of voluntary dissolution

                  proceedings

 

62.680       Articlesof dissolution

 

62.685       Effectof filing articles of dissolution

 

62.690       Administrativedissolution

 

62.695       Jurisdictionof court to dissolve cooperative and liquidate assets and business ofcooperative

 

62.702       Procedurefor dissolution of cooperative by court

 

62.704       Judgmentof dissolution issued by court

 

62.708       Effectof dissolution

 

62.712       Dispositionof known claims against dissolved cooperative

 

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