Unless prohibited by the corporations articles of incorporation or bylaws: (1) A mutual benefit corporation may purchase the mutual benefit corporations 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 corporations or religious corporations memberships, if after the purchase is completed: (a) The corporation would be able to pay the corporations debts as they become due in the usual course of the corporations activities; and (b) The corporations total assets would at least equal the sum of the corporations total liabilities. (2) A corporation may make distributions upon dissolution in conformity with ORS 65.621 to 65.674. (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. DISSOLUTION (Voluntary Dissolution)
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