Oregon Statutes - Chapter 60 - Private Corporations - Section 60.671 - Judgment of dissolution.

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

(Disposition of Assets)

Section:  Previous  60.647  60.651  60.654  60.657  60.661  60.664  60.667  60.671  60.674  60.701  60.704  60.707  60.711  60.714  60.717  Next

Last modified: August 7, 2008