Oregon Code § 62.815·Enacted ·Last updated March 01, 2026
Statute Text
Prohibited actions.
(1) As used in this section, business entity has the meaning given that term
in ORS 62.605.
(2) A
manufactured dwelling park nonprofit cooperative may not:
(a) Issue stock
in the cooperative.
(b) Apportion,
distribute or pay net proceeds or savings to members.
(c) Make payments
in redemption or refund of capital credits or retains to an heir of a member.
(d) Merge with a
business entity other than another manufactured dwelling park nonprofit
cooperative.
(e) Convert to
another type of business entity. [2007 c.607 §7; 2009 c.609 §7]
MISCELLANEOUS
PROVISIONS
Plain English Explanation
This Oregon statute addresses Prohibited actions. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 62.815
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Prohibited actions. 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 § 62.815. Use this format in legal documents and court filings.
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