Oregon Statutes 65.757 – Judgment of revocation
(1) If after a hearing a court determines that one or more grounds for judicial revocation of authority described in ORS § 65.751 exists, the court may enter a judgment revoking a foreign corporation‘s authority to transact business in Oregon and specifying the effective date of the revocation. The clerk of the court shall deliver a certified copy of the judgment to the Secretary of State for filing.
Terms Used In Oregon Statutes 65.757
- 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
- Service of process: The service of writs or summonses to the appropriate party.
(2) The authority of a foreign corporation to transact business in Oregon ceases as of the date of the judgment of revocation.
(3) The judgment of revocation of a foreign corporation‘s authority to transact business in this state appoints the Secretary of State the foreign corporation’s agent for service of process in any proceeding based on a cause of action which arose during the time the foreign corporation was authorized to transact business in this state.
(4) Revocation of a foreign corporation’s authority to transact business in this state terminates the authority of the foreign corporation’s registered agent. [1989 c.1010 § 163; 2003 c.576 § 330; 2019 c.174 § 106]
RECORDS AND REPORTS
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