ORS 415.330¹
Grounds for order to liquidate

The Oregon Health Authority may apply for an order directing the authority to liquidate the business of a coordinated care organization, regardless of whether there has been a prior order directing the authority to rehabilitate the coordinated care organization, upon any of the grounds specified in ORS 415.280 (Petition for order for rehabilitation or liquidation of CCO), or if the coordinated care organization:

(1) Has ceased transacting business for a period of one year;

(2) Under any laws except ORS 415.203 (Opportunity to cure impairment of required capitalization) to 415.430 (Liability of member of CCO to pay provider for cost of care) or rules adopted pursuant to ORS 415.011 (Oregon Health Authority regulation of financial solvency of CCOs to align with regulation of domestic insurers), has:

(a) Commenced voluntary liquidation or dissolution;

(b) Attempted to commence or prosecute an action or proceeding to liquidate its business or affairs;

(c) Commenced dissolving its corporate charter; or

(d) Commenced procuring the appointment of a receiver, trustee, custodian, or sequestrator; or

(3) Is insolvent. [2019 c.478 §49]

1 Legislative Counsel Committee, CHAPTER 415—Financial Regulation of Coordinated Care Organizations, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors415.­html (2019) (last ac­cessed May 16, 2020).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information