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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) A public benefit or religious corporation may not acquire for value any of its memberships or any right arising therefrom, unless the member is a public benefit or religious corporation.
(2) A mutual benefit corporation may acquire the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws.
(3) No acquisition of memberships shall be made in violation of ORS 65.551 or 65.554.
Cite this article: FindLaw.com - Oregon Revised Statutes Corporations and Partnerships § 65.171 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-7-corporations-and-partnerships/or-rev-st-sect-65-171/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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