Oregon Statutes 60.737 – Grounds for revocation
The Secretary of State may commence a proceeding under ORS § 60.741 to revoke the authority of a foreign corporation to transact business in this state if:
Terms Used In Oregon Statutes 60.737
- 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.
- Foreign corporation: means a corporation for profit that is incorporated under laws other than the laws of the state. See Oregon Statutes 60.001
- Proceeding: means a civil, criminal, administrative or investigatory action. See Oregon Statutes 60.001
(1) The foreign corporation does not deliver the corporation’s annual report to the Secretary of State within the time prescribed by this chapter;
(2) The foreign corporation does not pay within the time prescribed by this chapter any fees imposed by this chapter;
(3) The foreign corporation fails to comply with an order from the Secretary of State under ORS § 60.032 (1);
(4) The foreign corporation has failed to appoint or maintain a registered agent or registered office in this state as prescribed by this chapter;
(5) The foreign corporation does not inform the Secretary of State under ORS § 60.724 or 60.727 that the corporation’s registered agent or registered office has changed, that the registered agent has resigned or that the registered office has been discontinued;
(6) An incorporator, director, officer or agent of the foreign corporation signed a document knowing the document was false in any material respect with intent that the document be delivered to the office for filing; or
(7) The Secretary of State receives a duly authenticated certificate from the official having custody of corporate records in the state or country under whose law the foreign corporation is incorporated stating that the foreign corporation has been dissolved or disappeared as the result of a merger. [1987 c.52 § 166; 2017 c.705 § 16]