Oregon Statutes 63.621 – Dissolution
A limited liability company is dissolved and its affairs shall be wound up upon the first to occur of the following:
Terms Used In Oregon Statutes 63.621
- Articles of organization: means the document described in ORS § 63. See Oregon Statutes 63.001
- Operating agreement: means any valid agreement, written or oral, of the member or members as to the affairs of a limited liability company and the conduct of the limited liability company's business. See Oregon Statutes 63.001
(1) Upon reaching the time for dissolution, if any, specified in the articles of organization.
(2) Upon the occurrence of events specified in the articles of organization or any operating agreement.
(3) By the vote or such other action of the members as provided in the articles of organization or any operating agreement or, if neither the articles of organization nor any operating agreement so provides, by the consent of all the members.
(4) At such time as the limited liability company has no members.
(5) Upon administrative dissolution by the Secretary of State under ORS § 63.651.
(6) Upon entry of a judgment of judicial dissolution under ORS § 63.671. [1993 c.173 § 54; 1995 c.93 § 18; 1997 c.646 § 10; 2003 c.576 § 327]