Section 723.192 – Individual liability.
The members of the credit union shall not be personally or individually liable for the payment of the debts of the credit union. [1975 c.652 §22; 1981 c.903 §10]
Section 723.196 – Meeting of members; mail or electronic ballots.
(1) The annual meeting and any special meetings of the members of the credit union shall be held at the time and in the manner indicated by the bylaws. (2) At meetings described in subsection (1) of this section, a member has one vote, irrespective of the amount of that member’s shareholdings. A member may […]
Section 723.202 – Withdrawal and expulsion of members; request for reinstatement.
(1) Subject to subsection (2) of this section, a credit union may expel any member of the credit union who: (a) Has not carried out the member’s engagements with the credit union; (b) Creates an undue risk of loss to the credit union, as determined in accordance with the bylaws of the credit union; (c) […]
Section 723.172 – Credit union membership; rules.
(1) As used in this section: (a) “Organization” means a corporation, limited liability company, partnership or association, trust, estate or other entity and a director, officer, employee, member, partner, personal representative, trustee or volunteer of the corporation, limited liability company, partnership or association, trust, estate or other entity. (b) “Well-defined local community, neighborhood or rural […]
Section 723.176 – Business and nonbusiness organizations as members.
Business and nonbusiness organizations composed of individuals who are eligible for membership, or whose employees are eligible for membership, may be admitted to membership in the same manner and under the same conditions as individuals. [1975 c.652 §19; 1987 c.286 §3; 1999 c.185 §56; 2001 c.308 §3]
Section 723.182 – Other credit unions as members.
Any credit union organized under the laws of this state may permit membership of any other credit union organized under the laws of this state, of any other state or of the United States. [1975 c.652 §20]
Section 723.184 – State deemed member with respect to deferred compensation deposits; restrictions on membership.
Notwithstanding any other provision of this chapter, a credit union may receive deposits from the State of Oregon of moneys belonging to the Deferred Compensation Fund established under ORS 243.411. With respect to such deposits, the State of Oregon shall be deemed to be a member of the credit union, except that the state shall […]
Section 723.186 – Members who leave field of membership.
A member who leaves the credit union’s field of membership may be permitted to retain the member’s membership in the credit union. [1975 c.652 §21; 2009 c.234 §4]