Oregon Code § 63.621·Enacted ·Last updated March 01, 2026
Statute Text
Dissolution.
A
limited liability company is dissolved and its affairs shall be wound up upon
the first to occur of the following:
(1) Upon reaching
the time for dissolution, if any, specified in the articles of organization.
(2) Upon the
occurrence of events specified in the articles of organization or any operating
agreement.
(3) By the vote
or such other action of the members as provided in the articles of organization
or any operating agreement or, if neither the articles of organization nor any
operating agreement so provides, by the consent of all the members.
(4) At such time
as the limited liability company has no members.
(5) Upon
administrative dissolution by the Secretary of State under ORS 63.651.
(6) Upon entry of
a judgment of judicial dissolution under ORS 63.671. [1993 c.173 §54; 1995 c.93
§18; 1997 c.646 §10; 2003 c.576 §327]
Plain English Explanation
This Oregon statute addresses Dissolution. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 63.621
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Dissolution. Read the full statute text above for details.
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The formal citation is Oregon Code § 63.621. Use this format in legal documents and court filings.
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