Oregon Statutes 554.302 – Dissolution of corporation by Secretary of State; conditions
The Secretary of State may commence a proceeding under ORS § 554.305 to administratively dissolve a corporation organized under the provisions of ORS § 554.005 to 554.340 if:
Terms Used In Oregon Statutes 554.302
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) The corporation does not pay when due any fees imposed under ORS § 554.016;
(2) The corporation does not deliver its annual report to the Secretary of State when due;
(3) The corporation is without a registered agent or registered office in this state;
(4) The corporation does not notify the Secretary of State that its registered agent or registered office has been changed, that its registered agent has resigned or that its registered office has been discontinued; or
(5) The corporation’s period of duration stated in its articles of incorporation expires. [1987 c.94 § 152; 1991 c.132 § 34]