Oregon Code § 60.734·Enacted ·Last updated March 01, 2026
Statute Text
Withdrawal of foreign corporation.
(1) A foreign corporation authorized to transact business in this state may
withdraw from transacting business in this state by applying to the office for
withdrawal. The application shall set forth:
(a) The name of
the foreign corporation and the name of the state or country under whose law it
is incorporated;
(b) That it is
not transacting business in this state and that it surrenders its authority to
transact business in this state;
(c) That it
revokes the authority of its registered agent to accept service on its behalf
and appoints the Secretary of State as its agent for service of process in any
proceeding based on a cause of action arising during the time it was authorized
to transact business in this state;
(d) A mailing
address to which the person initiating any proceedings may mail to the foreign
corporation a copy of any process served on the Secretary of State under
paragraph (c) of this subsection; and
(e) A commitment
to notify the Secretary of State for a period of five years from the date of
withdrawal of any change in its mailing address.
(2) Upon filing
by the Secretary of State of the application to withdraw, the authority of the
foreign corporation to transact business in this state shall cease. [1987 c.52 §165]
(Revocation of
Authority)
Plain English Explanation
This Oregon statute addresses Withdrawal of foreign corporation. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 60.734
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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