Oregon Statutes 60.647 – Grounds for administrative dissolution
The Secretary of State may commence a proceeding under ORS § 60.651 to administratively dissolve a corporation if:
Terms Used In Oregon Statutes 60.647
- Articles of incorporation: means the articles described in ORS § 60. See Oregon Statutes 60.001
- 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.
- Proceeding: means a civil, criminal, administrative or investigatory action. See Oregon Statutes 60.001
(1) The corporation does not pay when due any fees imposed by this chapter;
(2) The corporation does not deliver the corporation’s annual report to the Secretary of State when due;
(3) The corporation fails to comply with an order from the Secretary of State under ORS § 60.032 (1) or is the subject of a recommendation for dissolution from the Director of the Department of Revenue under ORS § 60.032 (3);
(4) The corporation is without a registered agent or registered office in this state;
(5) The corporation does not notify the Secretary of State that the corporation’s registered agent or registered office has changed, that the registered agent has resigned or that the registered office has been discontinued; or
(6) The corporation’s period of duration stated in the articles of incorporation expires. [1987 c.52 § 146; 2017 c.705 § 14]