Oregon Statutes 67.700 – Authority to transact business
(1) A foreign limited liability partnership may not transact business in this state until it has been authorized to do so by the Secretary of State.
Terms Used In Oregon Statutes 67.700
- Business: includes every trade, occupation, profession and commercial activity. See Oregon Statutes 67.005
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership: means an association of two or more persons to carry on as co-owners a business for profit created under ORS § 67. See Oregon Statutes 67.005
- Personal property: All property that is not real property.
- Property: means all property, real, personal or mixed, tangible or intangible, or any interest therein. See Oregon Statutes 67.005
- State: means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico or any territory or insular possession subject to the jurisdiction of the United States. See Oregon Statutes 67.005
(2) The following activities, among others, do not constitute transacting business within the meaning of subsection (1) of this section:
(a) Maintaining, defending or settling any proceeding;
(b) Holding meetings of the partners or carrying on other activities concerning the internal affairs of the partnership;
(c) Maintaining bank accounts;
(d) Selling through independent contractors;
(e) Soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside this state before they become contracts;
(f) Creating or acquiring indebtedness, mortgages and security interests in real or personal property;
(g) Securing or collecting debts or enforcing mortgages and security interests in property securing the debts;
(h) Owning, without more, real or personal property;
(i) Conducting an isolated transaction that is completed within 30 days and is not one in the course of repeated transactions of a like nature; or
(j) Transacting business in interstate commerce.
(3) The list of activities in subsection (2) of this section is not exhaustive. [1997 c.775 § 68]