Oregon Code § 62.145·Enacted ·Last updated March 01, 2026
Statute Text
Membership.
(1)
Membership in a cooperative is conditioned on ownership of a share of
membership stock or payment of a membership fee as set forth in the articles.
If the articles so provide, the bylaws may authorize a procedure by which the
membership fee initially stated in the articles pursuant to ORS 62.513 (1)(c)
may be changed without filing amended or restated articles. The bylaws of a
cooperative may authorize membership conditioned upon payment of part of the
membership fee or payment for part of the membership stock subscribed for and
compliance with an agreement to pay the balance.
(2)
Qualifications for membership and method of acceptance of members shall be as
set forth in the bylaws of the cooperative.
(3) Bylaws may
provide for termination of membership and the conditions and terms thereof. [1957
c.716 §9; 1995 c.195 §2]
Plain English Explanation
This Oregon statute addresses Membership. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 62.145
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Membership. Read the full statute text above for details.
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