Investments in community development corporations under ORS 708A.150 must be accounted for on an institution’s books as “other assets.” If the community development corporation is organized under the Oregon Nonprofit Corporation Law, the stock of the corporation purchased by the institution, or the institution’s membership in the corporation if it does not issue stock, shall be carried on the books of the institution at a value not exceeding $1. [1997 c.631 §189]
Section: Previous 708A.505 708A.510 708A.515 708A.535 708A.555 708A.560 708A.565 708A.570 708A.575 708A.580 708A.585 708A.590 708A.595 708A.600 708A.605 NextLast modified: August 7, 2008