SB 775

  • Oregon Senate Bill
  • 2021 Regular Session
  • Introduced in Senate Feb 18, 2021
  • Senate
  • House
  • Governor

Relating to a cooperative member's ability to rescind a contract with the cooperative under certain circumstances; prescribing an effective date.

Abstract

Permits member of cooperative to rescind contract with cooperative if member relies on information about financial condition of cooperative that cooperative, or director or officer of cooperative, provides and member later discovers that cooperative, or director or officer of cooperative, concealed material information, provided inaccurate, misleading or false information or otherwise acted to deceive member. Provides that member's execution of contract creates rebuttable presumption that member relied on information that cooperative, director or officer provided. Takes effect on 91st day following adjournment sine die.

Bill Sponsors (1)

Votes


No votes to display

Actions


Jun 27, 2021

Senate

In committee upon adjournment.

Feb 22, 2021

Senate

Referred to Judiciary and Ballot Measure 110 Implementation.

Feb 18, 2021

Senate

Introduction and first reading. Referred to President's desk.

Bill Text

Bill Text Versions Format
Introduced PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Oregon Legislative Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.