Oregon Statutes 65.737 – Grounds for administrative revocation
The Secretary of State may commence a proceeding under ORS § 65.741 to revoke the authority of a foreign corporation to transact business in this state if:
Terms Used In Oregon Statutes 65.737
- 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.
- 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
- Foreign corporation: means a corporation that is organized under laws other than the laws of the state and that would be a nonprofit corporation if organized under the laws of the state. See Oregon Statutes 65.001
- Proceeding: means a civil, criminal, administrative or investigatory action. See Oregon Statutes 65.001
(1) The foreign corporation does not deliver its 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 has failed to appoint or maintain a registered agent or registered office in this state as prescribed by this chapter;
(4) The foreign corporation does not inform the Secretary of State under ORS § 65.724 or 65.727 that its registered agent or registered office has changed, that its registered agent has resigned, or that its registered office has been discontinued; or
(5) 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. [1989 c.1010 § 158; 2005 c.22 § 50]