Section 62.780 - Apportionment of net earnings or losses.

OR Rev Stat § 62.780 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(b) As used in this subsection, "patronage" means the amount of work performed as a member of an employee cooperative, measured in accordance with the articles of incorporation and bylaws.

(2) The apportionment, distribution and payment of net earnings required by subsection (1) of this section may be in cash, credits, written notices of allocation or capital shares issued by the employee cooperative. [1987 c.677 §18]