Procedure for and effect of administrative dissolution
(1) If the Secretary of State determines that one or more grounds exist under ORS 65.647 (Grounds for administrative dissolution) for dissolving a corporation, the Secretary of State shall give the corporation written notice of that determination.
(2) If the corporation does not correct each ground for dissolution or demonstrate to the reasonable satisfaction of the Secretary of State, within 45 days after notice is given, that each of the grounds that the Secretary of State has determined to be a ground for the dissolution does not exist, the Secretary of State shall administratively dissolve the corporation, and in the case of a public benefit corporation shall notify the Attorney General in writing.
(3) A corporation administratively dissolved continues the corporations corporate existence but may not carry on any activities except those necessary or appropriate to wind up and liquidate the corporations affairs under ORS 65.637 (Effect of dissolution) and notify the corporations claimants under ORS 65.641 (Known claims against dissolved corporation) and 65.644 (Unknown claims against dissolved corporation).
(4) The administrative dissolution of a corporation does not terminate the authority of the corporations registered agent. [1989 c.1010 §139; 1993 c.190 §6; 2013 c.159 §11]
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