ORS § 731.038 (2)(a) and (b) does not apply to an educational institution or nonprofit corporation that holds a certificate of authority issued under ORS § 731.704 (repealed in 2005) on the day before January 1, 2006. An educational institution or nonprofit corporation subject to this section shall keep on file an annual audited financial statement prepared by an independent certified public accountant. [2005 c.31 § 3]

Terms Used In Oregon Statutes 731.039

  • 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.

 

731.039 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 731 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.

 

[Repealed by 1965 c.241 § 3]

 

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