Oregon Code § 318.040·Enacted ·Last updated March 01, 2026
Statute Text
Exempt
corporations.
In
addition to the corporations exempt from the provisions of this chapter by the
incorporation in this chapter of ORS 317.080, there shall also be exempt those
foreign corporations whose activities in this state are confined to purchases
of personal property, and the storage thereof incident to shipment outside the
state, unless such foreign corporation is an affiliate of another foreign or
domestic corporation which is doing business in Oregon or is subject to this
chapter. Whether or not corporations are affiliated shall be determined as
provided in section 1504 of the Internal Revenue Code. [1955 c.334 §4; 1977
c.866 §7; 1984 c.1 §14; 1985 c.802 §34]
Plain English Explanation
This Oregon statute addresses Exempt
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 318.040
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Exempt
. Read the full statute text above for details.
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