2011 Oregon Revised Statutes
ORS Volume 2, Chapters 56 - 89
ORS Chapter 63
63.651 Procedure; effect of administrative dissolution.
(1) If the Secretary of State determines that one or more grounds exist under ORS 63.647 for dissolving a limited liability company, the Secretary of State shall give the limited liability company written notice of the determination.
(2) If the limited liability company 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 ground determined by the Secretary of State does not exist, the Secretary of State shall dissolve the limited liability company.
(3) A limited liability company administratively dissolved continues its existence but may not carry on any business except that necessary to wind up and liquidate its business and affairs under ORS 63.637 and notify claimants under ORS 63.641 and 63.644.
(4) The administrative dissolution of a limited liability company does not terminate the authority of its registered agent. [1993 c.173 63; 1993 c.173 106]
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