Oregon Statutes 415.330 – Grounds for order to liquidate
The Oregon Health Authority may apply for an order directing the authority to liquidate the business of a coordinated care organization, regardless of whether there has been a prior order directing the authority to rehabilitate the coordinated care organization, upon any of the grounds specified in ORS § 415.280, or if the coordinated care organization:
Terms Used In Oregon Statutes 415.330
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
- Trustee: A person or institution holding and administering property in trust.
(1) Has ceased transacting business for a period of one year;
(2) Under any laws except ORS § 415.203 to 415.430 or rules adopted pursuant to ORS § 415.011, has:
(a) Commenced voluntary liquidation or dissolution;
(b) Attempted to commence or prosecute an action or proceeding to liquidate its business or affairs;
(c) Commenced dissolving its corporate charter; or
(d) Commenced procuring the appointment of a receiver, trustee, custodian, or sequestrator; or
(3) Is insolvent. [2019 c.478 § 49]