Oregon Statutes - Chapter 65 - Nonprofit Corporations - Section 65.757 - Judgment of revocation.

(1) If after a hearing the court determines that one or more grounds for judicial revocation of authority described in ORS 65.751 exists, it may enter a judgment revoking the corporationís authority to transact business in Oregon and specifying the effective date of the revocation. The clerk of the court shall deliver a certified copy of the judgment to the Office of the Secretary of State for filing.

(2) The authority of a foreign corporation to transact business in Oregon ceases as of the date of the judgment of revocation.

(3) The judgment of revocation of a foreign corporationís authority to transact business in this state appoints the Secretary of State the foreign corporationís agent for service of process in any proceeding based on a cause of action which arose during the time the foreign corporation was authorized to transact business in this state.

(4) Revocation of a foreign corporationís authority to transact business in this state terminates the authority of the registered agent of the corporation. [1989 c.1010 §163; 2003 c.576 §330]

RECORDS AND REPORTS

(Records)

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Last modified: August 7, 2008