2007 ORS 62.815¹
Prohibited actions

(1) 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).

(2) A manufactured dwelling park nonprofit cooperative may not:

(a) Notwithstanding ORS 62.225 (Dividends on capital stock), pay a dividend on stock to members.

(b) Apportion, distribute or pay net proceeds or savings to members.

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

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

(e) Convert to another type of business entity. [2007 c.607 §7]

Chapter 62

Atty. Gen. Opinions

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

1 Legislative Counsel Committee, CHAPTER 62—Cooperatives, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­062.­html (2007) (last ac­cessed Feb. 12, 2009).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 62, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­062ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.