Oregon Revised Statutes Chapter 60 § 60.621 — Dissolution by incorporators or initial directors
Oregon Revised Statutes Chapter 60 ·
Oregon Code § 60.621·Enacted ·Last updated March 01, 2026
Statute Text
Dissolution by incorporators or initial directors.
(1) A majority of the
incorporators or initial directors of a corporation that has not issued shares
and has not commenced business may dissolve the corporation by delivering
articles of dissolution to the office for filing.
(2) Articles of
dissolution shall set forth:
(a) The name of
the corporation;
(b) The date of
its incorporation;
(c) That none of
the corporations shares has been issued and that the corporation has not
commenced business;
(d) That no debt
of the corporation remains unpaid; and
(e) That a
majority of the incorporators or initial directors authorized the dissolution. [1987
c.52 §138; 1987 c.579 §5]
Plain English Explanation
This Oregon statute addresses Dissolution by incorporators or initial directors. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.621
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Dissolution by incorporators or initial directors. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 60.621. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.