ORS § 723.432

Current through 2024 Regular Session legislation effective April 17, 2024
Section 723.432 - Trust accounts

Shares may be issued and deposits may be held in the name of a member in trust for a beneficiary, including a minor, but no beneficiary, unless a member in the beneficiary's own right, shall be permitted to vote, obtain loans, hold office or be required to pay an entrance or membership fee.

ORS 723.432

1975 c.652 §48; 1977 c.555 §17