Oregon Statutes 62.768 – Election to be governed as employee cooperative; corporate name
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(1) Any corporation organized under this chapter may elect to be governed as an employee cooperative under the provisions of ORS § 62.765 to 62.792, by so stating in its articles of incorporation or amendments thereto filed in accordance with this chapter.
Terms Used In Oregon Statutes 62.768
- Articles: means articles of incorporation, articles of conversion or articles of merger. See Oregon Statutes 62.015
- Cooperative: means a cooperative corporation that is subject to the provisions of this chapter. See Oregon Statutes 62.015
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means a corporation that is not a cooperative. See Oregon Statutes 62.015
(2) A corporation so electing shall be governed by all provisions of this chapter, except as otherwise provided in ORS § 62.765 to 62.792.
(3) An employee cooperative may include the word ‘cooperative’ or ‘co-op’ in its corporate name. [1987 c.677 13,15]