Oregon Revised Statutes Chapter 62 § 62.215 — Limitation of liability of members and shareholders
Oregon Revised Statutes Chapter 62 ·
Oregon Code § 62.215·Enacted ·Last updated March 01, 2026
Statute Text
Limitation of liability of members and shareholders.
Except for debts lawfully
contracted between a member or shareholder and the cooperative, no member or
shareholder is liable for the acts or debts of the cooperative to an amount
exceeding the sum remaining unpaid on the subscription of the member or shareholder
for shares of the cooperative, and the sum remaining unpaid on such members
membership fee if such fee is required by the cooperative. [1957 c.716 §17;
1995 c.195 §4]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 62.215
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Limitation of liability of members and shareholders. Read the full statute text above for details.
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