Oregon Statutes 62.870 – Notice to members of agricultural cooperative; date; contents; effect of failure to send notice
An agricultural cooperative organized and operating under ORS Chapter 62 must send a notice to all members of the cooperative annually. The cooperative shall send a member the notice in February or with the member’s contract. The notice shall state that members may not file an agricultural produce lien under ORS § 87.228 and 87.700 to 87.736 against the cooperative. Failure by a cooperative to send the notice does not give a member lien rights against the cooperative. [2001 c.301 § 4]
Terms Used In Oregon Statutes 62.870
- Contract: A legal written agreement that becomes binding when signed.
- Cooperative: means a cooperative corporation that is subject to the provisions of this chapter. See Oregon Statutes 62.015
- Lien: A claim against real or personal property in satisfaction of a debt.
- Member: means a person that is qualified and accepted for membership in a cooperative. See Oregon Statutes 62.015
62.870 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 62 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
[Repealed by 1957 c.716 § 76]
PENALTY