Oregon Statutes 63.664 – Procedure for judicial dissolution
(1) Venue for a proceeding by the Attorney General to dissolve a limited liability company lies in Marion County. Venue for a proceeding brought by any other party named in ORS § 63.661 lies in the county where a limited liability company’s principal office is located or, if the principal office is not in this state, where its registered office is or was last located.
Terms Used In Oregon Statutes 63.664
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Party: includes an individual who was, is or is threatened to be made a named defendant or respondent in a proceeding. See Oregon Statutes 63.001
- Principal office: means the physical street address of an office, in or out of this state, where the principal executive offices of a domestic or foreign limited liability company are located and designated in the annual report or in the application for authority to transact business in this state. See Oregon Statutes 63.001
- Proceeding: means any threatened, pending or completed action, suit or proceeding whether civil, criminal, administrative or investigatory and whether formal or informal. See Oregon Statutes 63.001
- Venue: The geographical location in which a case is tried.
(2) It is not necessary to make members parties to a proceeding to dissolve a limited liability company unless relief is sought against them individually.
(3) A court in a proceeding brought to judicially dissolve a limited liability company may issue injunctions, appoint a receiver or a custodian with all powers and duties the court directs, and take other action required to preserve or liquidate the limited liability company’s assets wherever located or carry on the business of the limited liability company. [1993 c.173 § 67]