§ 62.115 Purposes for which cooperatives may be organized
§ 62.125 General powers
§ 62.128 Reserved name
§ 62.131 Cooperative name
§ 62.135 Bylaws
§ 62.145 Membership
§ 62.155 Registered office and registered agent; service of process on cooperative
§ 62.165 Actions in excess of authority
§ 62.175 Capital stock; membership stock
§ 62.185 Certificates of stock; contents
§ 62.195 Voting by shareholders
§ 62.205 Subscription agreement for shares or agreement to pay a membership fee; default
§ 62.215 Limitation of liability of members and shareholders
§ 62.225 Dividends on capital stock
§ 62.235 Recall, exchange or redemption of stock or other evidence of equity by cooperative
§ 62.245 Missing certificates or evidence of interest in cooperative; missing records relating to redemption of interest in cooperative
§ 62.251 Notice to directors, members and shareholders
§ 62.255 Meetings of members
§ 62.265 Voting by members
§ 62.275 Quorum of members
§ 62.280 Board of directors
§ 62.283 Standard of conduct for directors; permissible reliance on opinions and reports of others; limitation of liability
§ 62.284 Director conflict of interest
§ 62.285 Meetings of board of directors
§ 62.286 Loans to or guarantees for directors
§ 62.287 Directors meeting by conference telephone or similar communications equipment
§ 62.290 Executive committee
§ 62.295 Officers
§ 62.300 Compensation and benefits to directors, officers and employees
§ 62.305 Taking action without meeting; effective date of action
§ 62.315 Waiver of notice
§ 62.325 Voting requirements of articles
§ 62.335 Action brought in right of cooperative by member or shareholder; attorney fees
§ 62.355 Cooperative contracts
§ 62.360 Recording cooperative contracts
§ 62.365 Relief against breach or threatened breach of contract; penalty for interference
§ 62.370 Civil action for inducing breach of contract with cooperative or spreading false reports about cooperative
§ 62.415 Apportionment and distribution of net proceeds or savings or net losses
§ 62.425 Unclaimed distribution, redemptions or payments
§ 62.430 Payments in name of deceased owner of capital credits or retains in cooperative
§ 62.435 Sale or other disposition of entire assets
§ 62.440 Books and records; attorney fees
§ 62.455 Annual report; form; effect of error; update of information

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Terms Used In Oregon Statutes > Chapter 62 > Substantive Provisions

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Anniversary: means the day each year exactly one or more years after:

    (a) The date on which the Secretary of State files the articles of incorporation for a cooperative. See Oregon Statutes 62.015

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Any other state: includes any state and the District of Columbia. See Oregon Statutes 174.100
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Approved school of medicine: means a school offering a full-time resident program of study in medicine or osteopathic medicine leading to a degree of Doctor of Medicine or Doctor of Osteopathic Medicine, such program having been fully accredited or conditionally approved by the Liaison Committee on Medical Education, or its successor agency, or the American Osteopathic Association, or its successor agency, or having been otherwise determined by the board to meet the association standards as specifically incorporated into board rules. See Oregon Statutes 677.010
  • Arrest: Taking physical custody of a person by lawful authority.
  • Articles: means articles of incorporation, articles of conversion or articles of merger. See Oregon Statutes 62.015
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Bequest: Property gifted by will.
  • Board: means the Oregon Medical Board. See Oregon Statutes 677.010
  • Board: means board of directors. See Oregon Statutes 62.015
  • City: includes any incorporated village or town. See Oregon Statutes 174.100
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Conditional license: means a license issued to an applicant under ORS § 681. See Oregon Statutes 681.205
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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
  • County court: includes board of county commissioners. See Oregon Statutes 174.100
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Delivery: means a method of delivery that is used in conventional commercial practice and includes hand delivery, mail delivery, commercial delivery and electronic transmission. See Oregon Statutes 62.015
  • Dental assistant: means a person who, under the supervision of a dentist or dental therapist, renders assistance to a dentist, dental therapist, dental hygienist, dental technician or another dental assistant or who, under the supervision of a dental hygienist, renders assistance to a dental hygienist providing dental hygiene. See Oregon Statutes 679.010
  • Dental hygienist: means a person who, under the supervision of a dentist, practices dental hygiene. See Oregon Statutes 679.010
  • Dental technician: means a person who, at the authorization of a dentist, makes, provides, repairs or alters oral prosthetic appliances and other artificial materials and devices that are returned to a dentist and inserted into the human oral cavity or that come in contact with its adjacent structures and tissues. See Oregon Statutes 679.010
  • Dental therapist: means a person licensed to practice dental therapy under ORS § 679. See Oregon Statutes 679.010
  • Dental therapy: means the provision of preventive dental care, restorative dental treatment and other educational, clinical and therapeutic patient services as part of a dental care team, including the services described under ORS § 679. See Oregon Statutes 679.010
  • Dentist: means a person who may perform any intraoral or extraoral procedure required in the practice of dentistry. See Oregon Statutes 679.010
  • Dentist of record: means a dentist that either authorizes treatment for, supervises treatment of or provides treatment for a patient in a dental office or clinic owned or operated by an institution as described in ORS § 679. See Oregon Statutes 679.010
  • Dentistry: means the healing art concerned with:

    (A) The examination, diagnosis, treatment planning, treatment, care and prevention of conditions within the human oral cavity and maxillofacial region, and of conditions of adjacent or related tissues and structures; and

    (B) The prescribing, dispensing and administering of prescription drugs for purposes related to the activities described in subparagraph (A) of this paragraph. See Oregon Statutes 679.010

  • Dependent: A person dependent for support upon another.
  • Deposition: An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
  • Devise: To gift property by will.
  • Diagnose: means to examine another person in any manner to determine the source or nature of a disease or other physical or mental condition, or to hold oneself out or represent that a person is so examining another person. See Oregon Statutes 677.010
  • Direct supervision: means supervision requiring that a dentist diagnose the condition to be treated, that a dentist authorize the procedure to be performed, and that a dentist remain in the dental treatment room while the procedures are performed. See Oregon Statutes 679.010
  • Dispense: means the preparation and delivery of a prescription drug, pursuant to a lawful order of a practitioner, in a suitable container appropriately labeled for subsequent administration to or use by a patient or other individual entitled to receive the prescription drug. See Oregon Statutes 677.010
  • Dispensing physician: means a physician or podiatric physician and surgeon who purchases prescription drugs for the purpose of dispensing them to patients or other individuals entitled to receive the prescription drug and who dispenses them accordingly. See Oregon Statutes 677.010
  • Domestic limited liability company: means an entity that is an unincorporated association that has one or more members and that is organized under ORS Chapter 63. See Oregon Statutes 62.015
  • Domestic nonprofit corporation: means a corporation not for profit that is incorporated under ORS Chapter 65. See Oregon Statutes 62.015
  • Donor: The person who makes a gift.
  • Drug: means all medicines and preparations for internal or external use of humans, intended to be used for the cure, mitigation or prevention of diseases or abnormalities of humans, which are recognized in any published United States Pharmacopoeia or National Formulary, or otherwise established as a drug. See Oregon Statutes 677.010
  • Electronic transmission: means a method of communicating information that:

    (a) Does not directly involve a transfer of a physical object that embodies the communication; and

    (b) Enables the recipient to store, retrieve and reproduce the information. See Oregon Statutes 62.015

  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • executive department: means all statewide elected officers other than judges, and all boards, commissions, departments, divisions and other entities, without regard to the designation given to those entities, that are within the executive branch of government as described in Article III, section 1, of the Oregon Constitution, and that are not:

    (a) In the judicial department or the legislative department;

    (b) Local governments; or

    (c) Special government bodies. See Oregon Statutes 174.112

  • Executor: A male person named in a will to carry out the decedent
  • Expanded practice dental hygienist: means a dental hygienist who performs dental hygiene services in accordance with ORS § 680. See Oregon Statutes 679.010
  • Fellow: means an individual who has not qualified under ORS § 677. See Oregon Statutes 677.010
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Foreign cooperative: means a cooperative corporation that is organized under laws other than the laws of this state. See Oregon Statutes 62.015
  • Foreign corporation: means a corporation for profit that is incorporated under laws other than the laws of this state. See Oregon Statutes 62.015
  • Foreign limited liability company: means an entity that is an unincorporated association organized under laws other than the laws of this state and that is organized under a statute under which an association may be formed that affords to each of the entity's members limited liability with respect to liabilities of the entity. See Oregon Statutes 62.015
  • Foreign nonprofit corporation: means a corporation not for profit that is organized under laws other than the laws of this state. See Oregon Statutes 62.015
  • Foreign professional corporation: means a professional corporation that is organized under laws other than the laws of this state. See Oregon Statutes 62.015
  • Fraud: Intentional deception resulting in injury to another.
  • General supervision: means supervision requiring that a dentist authorize the procedures by standing orders, practice agreements or collaboration agreements, but not requiring that a dentist be present when the authorized procedures are performed. See Oregon Statutes 679.010
  • Germane: On the subject of the pending bill or other business; a strict standard of relevance.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Indirect supervision: means supervision requiring that a dentist authorize the procedures and that a dentist be on the premises while the procedures are performed. See Oregon Statutes 679.010
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
  • Joint meeting: An occasion, often ceremonial, when the House and Senate each adopt a unanimous consent agreement
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • License: means permission to practice, whether by license, registration or certification. See Oregon Statutes 677.010
  • Licensee: means an individual holding a valid license issued by the board. See Oregon Statutes 677.010
  • 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
  • Membership stock: means any class of stock, continuous ownership of which is required for membership in a cooperative. See Oregon Statutes 62.015
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: means an individual, corporation, association, firm, partnership, joint stock company, cooperative or foreign cooperative. See Oregon Statutes 62.015
  • Personal property: All property that is not real property.
  • Physical incapacity: means a condition that renders an individual licensed under this chapter unable to practice under that license with professional skill and safety by reason of physical illness or physical deterioration that adversely affects cognition, motor or perceptive skill. See Oregon Statutes 677.010
  • Physician: means a person who holds a degree of Doctor of Medicine or Doctor of Osteopathic Medicine, or a person who holds a degree of Doctor of Podiatric Medicine if the context in which the term 'physician' is used does not authorize or require the person to practice outside the scope of a license issued under ORS § 677. See Oregon Statutes 677.010
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Podiatric physician and surgeon: means a physician licensed under ORS § 677. See Oregon Statutes 677.010
  • Prescribe: means to direct, order or designate the use of or manner of using by spoken or written words or other means. See Oregon Statutes 677.010
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • public body: means state government bodies, local government bodies and special government bodies. See Oregon Statutes 174.109
  • public notice: means any legal publication which requires an affidavit of publication as required in ORS § 193. See Oregon Statutes 174.104
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Resident: means an individual who, after the first year of post-graduate training, in order to qualify for some particular specialty in the field of medicine, pursues a special line of study as part of a supervised program of a hospital approved by the board. See Oregon Statutes 677.010
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Shareholder: means a holder of shares of capital stock of a cooperative other than membership stock. See Oregon Statutes 62.015
  • Signature: means a manual, facsimile, conformed or electronic signature. See Oregon Statutes 62.015
  • Speech-language pathologist: means a person who practices speech-language pathology and who uses publicly any title or description of services including but not limited to the words 'speech-language pathologist,' 'speech correctionist,' 'speech therapist,' 'speech clinician,' 'language pathologist,' 'language therapist' or any similar titles or descriptions of services. See Oregon Statutes 681.205
  • State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
  • Unprofessional conduct: as used in this chapter includes but is not limited to the following:

    (a) Obtaining any fee by fraud or misrepresentation. See Oregon Statutes 679.140

  • Violate: includes failure to comply. See Oregon Statutes 174.100