Oregon Code § 62.665·Enacted ·Last updated March 01, 2026
Statute Text
Procedure for dissolution.
After the adoption of a resolution to dissolve by the members and, if
appropriate, the shareholders:
(1) The
cooperative shall proceed to collect its assets, convey and dispose of such of
its properties as are not to be distributed in kind to its members or
shareholders, pay, satisfy and discharge its liabilities and obligations and do
all other acts required to liquidate its business and affairs, and, after
paying or adequately providing for the payment of all its obligations,
distribute the remainder of its assets either in cash or in kind, among the
persons entitled to the same by law, the articles and the bylaws.
(2) The
cooperative, at any time during the liquidation of its business and affairs,
may make application to a court of competent jurisdiction within the state and
judicial subdivision in which the registered office or principal place of
business of the cooperative is situated, to have the liquidation continued
under the supervision of the court as provided in this chapter. [1957 c.716 §51;
1965 c.631 §21]
Plain English Explanation
This Oregon statute addresses Procedure for dissolution. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 62.665
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Procedure for dissolution. Read the full statute text above for details.
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