Oregon Statutes 60.621 – Dissolution by incorporators or initial directors
Current as of: 2023 | Check for updates
|
Other versions
(1) A majority of the incorporators or initial directors of a corporation that has not issued shares and has not commenced business may dissolve the corporation by delivering articles of dissolution to the office for filing.
Terms Used In Oregon Statutes 60.621
- 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.
(2) Articles of dissolution shall set forth:
(a) The name of the corporation;
(b) The date of its incorporation;
(c) That none of the corporation’s shares has been issued and that the corporation has not commenced business;
(d) That no debt of the corporation remains unpaid; and
(e) That a majority of the incorporators or initial directors authorized the dissolution. [1987 c.52 § 138; 1987 c.579 § 5]