Oregon § 60.621 Dissolution by incorporators or initial directors

Oregon Statutes

§ 60.621 — Dissolution by incorporators or initial directors

Oregon § 60.621

Vol.2

Title 7Corporations and Partnerships

Ch. 60Private Corporations

This text of Oregon § 60.621 (Dissolution by incorporators or initial directors) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 60.621 (2026).

Text

(1)A majority of the incorporators or initial directors of a corporation that has not issued shares and has not commenced business may dissolve the corporation by delivering articles of dissolution to the office for filing.

(2)Articles of dissolution shall set forth:

(a)The name of the corporation;

(b)The date of its incorporation;

(c)That none of the corporation’s shares has been issued and that the corporation has not commenced business;

(d)That no debt of the corporation remains unpaid; and

(e)That a majority of the incorporators or initial directors authorized the dissolution.

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(1) A majority of the incorporators or initial directors of a corporation that has not issued shares and has not commenced business may dissolve the corporation by delivering articles of dissolution to the office for filing.
(2) Articles of dissolution shall set forth:
(a) The name of the corporation;
(b) The date of its incorporation;
(c) That none of the corporation’s shares has been issued and that the corporation has not commenced business;
(d) That no debt of the corporation remains unpaid; and
(e) That a majority of the incorporators or initial directors authorized the dissolution.