Unless prohibited by its articles or bylaws:
(1) A mutual benefit corporation may purchase its memberships and, under the circumstances indicated in ORS 65.147 (Transfers) and 65.171 (Acquiring memberships), a public benefit or religious corporation may purchase its memberships, if after the purchase is completed:
(a) The corporation would be able to pay its debts as they become due in the usual course of its activities; and
(b) The corporation’s total assets would at least equal the sum of its total liabilities.
(3) A corporation may make distributions to a member which is a religious or public benefit corporation or a foreign nonprofit corporation which, if incorporated in this state, would qualify as a religious or public benefit corporation. [1989 c.1010 §129]
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.