2015 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 060 - Private Corporations
Section 60.645 - Enforcement of claims against dissolved corporation.
A claim against a dissolved corporation that is not barred under ORS 60.641 or 60.644 may be enforced:
(1) Against the dissolved corporation to the extent of its undistributed assets; or
(2) If the assets have been distributed in liquidation, against the shareholder of the dissolved corporation to the extent of the shareholder’s pro rata share of the claim or the corporate assets distributed to the shareholder in liquidation, whichever is less. A shareholder’s total liability for all claims under this section may not exceed the total value of assets distributed to the shareholder, as of the date or dates of distribution, less any liability of the corporation paid on behalf of the corporation by that shareholder after the date of the distribution.
[1991 c.883 §16]
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