Oregon Code § 60.074·Enacted ·Last updated March 01, 2026
Statute Text
Purposes; prohibition on illegal purposes.
(1) Every corporation incorporated under this chapter
has the purpose of engaging in any lawful business unless a more limited
purpose is set forth in the articles of incorporation. A person may not
incorporate a corporation under this chapter for any illegal purpose or with an
intent to fraudulently conceal any business activity from another person or a
governmental agency.
(2) A business
that is subject to regulation under another statute of the state may not be
incorporated under this chapter if the business must be organized under the
other statute. [1987 c.52 §22; 1989 c.1040 §8; 2017 c.705 §11]
Plain English Explanation
This Oregon statute addresses Purposes; prohibition on illegal purposes. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.074
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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