(1) If after a hearing the court determines that one or more grounds for judicial dissolution described in ORS § 62.695 exist, it may enter a judgment dissolving the cooperative and specifying the effective date of the dissolution. The clerk of the court shall deliver a certified copy of the judgment to the office for filing. The Secretary of State shall file the certified copy of the judgment.

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(2) After entering the judgment of dissolution, the court shall direct the winding up and liquidation of the cooperative’s business and affairs in accordance with ORS § 62.708 and the notification of claimants in accordance with ORS § 62.712 and 62.714. [1995 c.195 § 27; 2003 c.576 § 326]

[1957 c.716 § 59; repealed by 1974 c.2 § 5]