Oregon Statutes 65.671 – Judgment of dissolution
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(1) If after a hearing a court determines that one or more grounds for judicial dissolution described in ORS § 65.661 exist, the court may enter a judgment dissolving the corporation and specifying the effective date of the dissolution. The clerk of the court shall deliver a certified copy of the judgment to the Secretary of State for filing.
Terms Used In Oregon Statutes 65.671
- 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.
- Corporation: means a domestic corporation or a foreign corporation. See Oregon Statutes 65.001
- Deliver: means to transfer by any method of delivery used in conventional commercial practice, including delivery by hand, mail, commercial delivery and electronic transmission. See Oregon Statutes 65.001
(2) After entering the judgment of dissolution, the court shall direct the winding up and liquidation of the corporation‘s affairs in accordance with ORS § 65.637 and the notification of claimants in accordance with ORS § 65.641 and 65.644. [1989 c.1010 § 145; 2003 c.576 § 329; 2019 c.174 § 98]
(Disposition of Assets)