Oregon Code § 62.440·Enacted ·Last updated March 01, 2026
Statute Text
Books
and records; attorney fees.
(1) A cooperative shall keep correct and complete books and records of account,
and shall keep minutes of the proceedings of its members, board and executive
committee. It shall keep at its principal office records of the names and
addresses of all members and shareholders. At any reasonable time, any member
or shareholder, or the agent or attorney of any member or shareholder, upon
written notice stating the purposes thereof, may examine for any proper purpose
any books or records pertinent to the purpose specified in the notice and may
make extracts therefrom, all in accordance with any reasonable conditions
prescribed by the board restricting the disclosure, dissemination or use by any
member or shareholder, or any agent or attorney of any member or shareholder,
of any information therein contained. The board may deny a request to examine
books and records if the board determines that the purpose is not directly
related to the business or affairs of the cooperative and is contrary to the
best interests of the cooperative.
(2) In any action
or proceeding to enforce the rights of members or shareholders provided in this
section, the court may award reasonable attorney fees to the prevailing party. [1957
c.716 §31; 1981 c.897 §16; 1995 c.195 §14; 1995 c.618 §39]
Plain English Explanation
This Oregon statute addresses Books
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 62.440
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Books
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 62.440. Use this format in legal documents and court filings.
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