(1) ORS 62.800 to 62.815 may be cited as the Manufactured Dwelling Park Nonprofit Cooperative Corporation Act. (2) The purpose of ORS 62.800 to 62.815 is to recognize the cooperative form of ownership by a nonprofit entity of an interest in real property consisting of a manufactured dwelling park. (3) In the event of any […]
As used in ORS 62.800 to 62.815, unless the context requires otherwise: (1) “Lienholder” means the holder of a manufactured dwelling lien: (a) That is recorded in the deed records of the county in which the manufactured dwelling is located; (b) That is perfected with the Department of Consumer and Business Services pursuant to ORS […]
(1) A cooperative organized under this chapter may elect to become a manufactured dwelling park nonprofit cooperative by stating that election in the articles of incorporation. (2) A cooperative may not revoke an election made under subsection (1) of this section. A manufactured dwelling park nonprofit cooperative may dissolve as provided in this chapter. [2007 […]
(1) A person may become a member of a manufactured dwelling park nonprofit cooperative if the person: (a) Is a natural person; (b) Owns a manufactured dwelling that is, or is to be, located in a manufactured dwelling park of the cooperative and occupied by the person; (c) Pays the membership fee required by the […]
A manufactured dwelling park nonprofit cooperative may record notices, restrictive covenants, leases, memoranda and other documents relating to the cooperative in the deed records of the county in which the manufactured dwelling park of the cooperative is located. [2009 c.609 §2]
(1) As used in this section, “debts, liabilities and obligations” includes, but is not limited to, the repurchase of each membership in the cooperative for the amount that was charged by the cooperative as a membership fee. (2) If a manufactured dwelling park nonprofit cooperative dissolves, after payment or provision for all debts, liabilities and […]
(1) If a lienholder provides a manufactured dwelling park nonprofit cooperative with a written request for notification regarding a manufactured dwelling on which the lienholder has a lien, the cooperative shall provide the lienholder with written notice of a termination of occupancy or membership if: (a) A member of the cooperative who is identified in […]
(1) As used in this section, “business entity” has the meaning given that term in ORS 62.605. (2) A manufactured dwelling park nonprofit cooperative may not: (a) Issue stock in the cooperative. (b) Apportion, distribute or pay net proceeds or savings to members. (c) Make payments in redemption or refund of capital credits or retains […]
