Oregon Statutes 65.647 – Grounds for administrative dissolution
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The Secretary of State may commence a proceeding under ORS § 65.651 to administratively dissolve a corporation if:
Terms Used In Oregon Statutes 65.647
- Articles of incorporation: means the articles of incorporation described in ORS § 65. See Oregon Statutes 65.001
- 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.
- Corporation: means a domestic corporation or a foreign corporation. See Oregon Statutes 65.001
- Deliver: means to transfer by any method of delivery used in conventional commercial practice, including delivery by hand, mail, commercial delivery and electronic transmission. See Oregon Statutes 65.001
- Proceeding: means a civil, criminal, administrative or investigatory action. See Oregon Statutes 65.001
(1) The corporation does not pay when due any fees imposed by this chapter;
(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, if any, stated in its articles of incorporation expires. [1989 c.1010 § 138]