ORS 60.671

Known as the Oregon Business Corporation Act

The act spans §§ 60–60 (245 sections).

Applied in 1 court decision — leading case 183 Or. App. 116 - G. I. Joe's, Inc. v. Nizam (2002)

Most recently applied in 183 Or. App. 116 - G. I. Joe's, Inc. v. Nizam (July 2002)

1987 c.52 §153; 2001 c.315 §63; 2003 c.576 §323

(1) If after a hearing the court determines that one or more grounds for judicial dissolution described in ORS 60.661 or 60.952 (2)(m) exist, it 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 office for filing. The Secretary of State shall file the certified copy of the judgment.

(2) After entering the judgment of dissolution, the court shall direct the winding up and liquidation of the corporation’s business and affairs in accordance with ORS 60.637 and the notification of claimants in accordance with ORS 60.641 and 60.644.

(Disposition of Assets)

Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.