A cooperative organized with capital stock may pay a dividend upon capital stock as is authorized by its articles. A payment under this section shall not be made if the result of the payment would be to bring the value of the cooperative’s remaining assets below the aggregate of the cooperative’s indebtedness.
ORS 62.225
Known as the Oregon Cooperative Corporation Act
The act spans §§ 62–62 (168 sections).
1957 c.716 §18; 1995 c.195 §5
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.