{"data":{"id":"us-or/ors-65.554","jurisdiction":"us-or","citation":"ORS 65.554","heading":"Authorized distributions.","body":"Unless prohibited by the corporation’s articles of incorporation or bylaws:\n      (1) A mutual benefit corporation may purchase the mutual benefit corporation’s memberships and, under the circumstances indicated in ORS 65.147 and 65.171, a public benefit corporation or religious corporation may purchase the public benefit corporation’s or religious corporation’s memberships, if after the purchase is completed:\n      (a) The corporation would be able to pay the corporation’s debts as they become due in the usual course of the corporation’s activities; and\n      (b) The corporation’s total assets would at least equal the sum of the corporation’s total liabilities.\n      (2) A corporation may make distributions upon dissolution in conformity with ORS 65.621 to 65.674.\n      (3) A corporation may make distributions to a member that is a religious corporation or public benefit corporation or to a foreign nonprofit corporation that, if incorporated in this state, would qualify as a religious corporation or public benefit corporation. [1989 c.1010 §129; 2019 c.174 §87]\nDISSOLUTION\n(Voluntary Dissolution)","path":["02 - Business Organizations, Commercial Code","7. Corporations and Partnerships","Chapter 65 — Nonprofit Corporations"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors065.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:10Z","sha256":"288863af9e75b7d9c3d05d24d5abed47a5de00864ead1b9de1952fe34268cdca","source_id":"us-or","stale":false,"prev":"us-or/ors-65.551","next":"us-or/ors-65.621"},"notice":"GroundRules: Original legal text. Not legal advice."}