Oregon Statutes 70.430 – Grounds for administrative action to inactivate certificate or registration of limited partnership
The Secretary of State may commence a proceeding under ORS § 70.435 to inactivate a certificate of limited partnership or the registration of a foreign limited partnership if:
Terms Used In Oregon Statutes 70.430
- Certificate of limited partnership: means the certificate referred to in ORS § 70. See Oregon Statutes 70.005
- Foreign limited partnership: means a partnership formed under laws other than the laws of this state and having as partners one or more general partners and one or more limited partners. See Oregon Statutes 70.005
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) The limited partnership does not pay when due any fees imposed by this chapter;
(2) The limited partnership does not deliver its annual report to the Secretary of State when due;
(3) The limited partnership is without a registered agent or registered office in this state;
(4) The limited partnership 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 limited partnership’s period of duration stated in its certificate of limited partnership expires. [1993 c.190 § 13]