Oregon Statutes 65.754 – Procedure for judicial revocation of authority
(1) Venue for a proceeding by the Attorney General to revoke a foreign corporation‘s authority lies in Marion County. Venue for a proceeding brought by any other person named in ORS § 65.751 lies in the county where a corporation‘s principal Oregon office is located or where its registered office is or was last located.
Terms Used In Oregon Statutes 65.754
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
- 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
- Notice: means a notice described in ORS § 65. See Oregon Statutes 65.001
- Person: means an individual or an entity. See Oregon Statutes 65.001
- Proceeding: means a civil, criminal, administrative or investigatory action. See Oregon Statutes 65.001
- Religious corporation: means a domestic corporation that is formed as a religious corporation under ORS § 65. See Oregon Statutes 65.001
- Venue: The geographical location in which a case is tried.
- Written: means embodied as a document. See Oregon Statutes 65.001
(2) It is not necessary to make directors or members parties to a proceeding to revoke the authority of a corporation.
(3) A court in a proceeding brought to revoke a corporation’s authority may issue injunctions, appoint a receiver or custodian pendente lite with all powers and duties the court directs, take other action required to preserve the corporate assets located in Oregon and carry on the corporation’s Oregon activities until a full hearing can be held.
(4) A person other than the Attorney General who brings a revocation proceeding for a foreign corporation that would have been a public benefit or religious corporation had it been incorporated in this state, shall forthwith give written notice of the proceeding to the Attorney General who may intervene. [1989 c.1010 § 162]