Oregon § 60.701 Authority to transact business required

Oregon Statutes

§ 60.701 — Authority to transact business required

Oregon § 60.701

Vol.2

Title 7Corporations and Partnerships

Ch. 60Private Corporations

This text of Oregon § 60.701 (Authority to transact business required) 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. § 60.701 (2026).

Text

(1)A foreign corporation may not transact business in this state until it has been authorized to do so by the Secretary of State.

(2)The following activities among others, do not constitute transacting business within the meaning of subsection (1) of this section:

(a)Maintaining, defending or settling any proceeding.

(b)Holding meetings of the board of directors or shareholders or carrying on other activities concerning internal corporate affairs.

(c)Maintaining bank accounts.

(d)Maintaining offices or agencies for the transfer, exchange and registration of the corporation’s own securities or maintaining trustees or depositaries with respect to those securities.

(e)Selling through independent contractors.

(f)Soliciting or obtaining orders, whether by mail or through employees or ag

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(1) A foreign corporation may not transact business in this state until it has been authorized to do so by the Secretary of State.
(2) The following activities among others, do not constitute transacting business within the meaning of subsection (1) of this section:
(a) Maintaining, defending or settling any proceeding.
(b) Holding meetings of the board of directors or shareholders or carrying on other activities concerning internal corporate affairs.
(c) Maintaining bank accounts.
(d) Maintaining offices or agencies for the transfer, exchange and registration of the corporation’s own securities or maintaining trustees or depositaries with respect to those securities.
(e) Selling through independent contractors.
(f) Soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside this state before they become contracts.
(g) Creating or acquiring indebtedness, mortgages and security interests in real or personal property.
(h) Securing or collecting debts or enforcing mortgages and security interests in property securing the debts.
(i) Owning without more real or personal property.
(j) Conducting an isolated transaction that is completed within 30 days and is not one in the course of repeated transactions of a like nature.
(k) Transacting business in interstate commerce.
(3) The list of activities in subsection (2) of this section is not exhaustive.