Oregon Statutes - Chapter 60 - Private Corporations - Section 60.074 - Purposes.

(1) Every corporation incorporated under this chapter has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation.

(2) A business that is subject to regulation under another statute of this state may not be incorporated under this chapter if such business is required to be organized under such other statute. [1987 c.52 §22; 1989 c.1040 §8]

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Last modified: August 7, 2008