Oregon Statutes 30.590 – Judgment against corporation
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If it is determined that a corporation, against which an action has been commenced pursuant to ORS § 30.570 or 30.580, has forfeited its corporate rights, privileges and franchises, judgment shall be given that the corporation be excluded therefrom, and that the corporation be dissolved.
Terms Used In Oregon Statutes 30.590
- 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.