(1) As used in this section, 'business entity' has the meaning given that term in ORS 62.605.\n(2) A manufactured dwelling park nonprofit cooperative may not:\n(a) Issue stock in the cooperative.\n(b) Apportion, distribute or pay net proceeds or savings to members.\n(c) Make payments in redemption or refund of capital credits or retains to an heir of a member.\n(d) Merge with a business entity other than another manufactured dwelling park nonprofit cooperative.\n(e) Convert to another type of business entity. [2007 c.607 §7; 2009 c.609 §7]
Oregon Legal Code