Relating to contracts that members enter into with cooperatives.
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SB 524 — Relating to contracts that members enter into with cooperatives.
Last action — In committee upon adjournment.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Provides that board member, officer, employee or agent of cooperative is personally liable to member of cooperative if board member, officer, employee or agent materially misrepresents financial condition of cooperative to induce member to enter into contract. Provides that contract is void if board member, officer, employee or agent of cooperative misrepresents financial condition of cooperative or misrepresents term or condition of contract to induce member of cooperative to enter into contract. Places burden on cooperative that seeks to enforce contract that member alleges should be void to show by preponderance of evidence that board member, officer, employee or agent of cooperative did not make material misrepresentation to induce member to enter into contract.
Bill Text
We don't have the full text on file for this bill yet.
Read SB 524 on the official Oregon source →Action History
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In committee upon adjournment.
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Referred to Judiciary.
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Introduction and first reading. Referred to President's desk.
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 0 co-sponsors · 90 not signed on
Sponsors (0)
None.
Co-sponsors (0)
None.
Not signed on (90)
90 members have not signed on to this bill.
Show all 90 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB 524 do?
- Provides that board member, officer, employee or agent of cooperative is personally liable to member of cooperative if board member, officer, employee or agent materially misrepresents financial condition of cooperative to induce member to enter into contract. Provides that contract is void if board member, officer, employee or agent of cooperative misrepresents financial condition of cooperative or misrepresents term or condition of contract to induce member of cooperative to enter into contract. Places burden on cooperative that seeks to enforce contract that member alleges should be void to show by preponderance of evidence that board member, officer, employee or agent of cooperative did not make material misrepresentation to induce member to enter into contract.
- What is the current status of SB 524?
- This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 524?
- Track SB 524 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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