Oregon Code § 711.235·Enacted ·Last updated March 01, 2026
Statute Text
Report
of liquidation to director; disposition of remaining assets.
(1) After the expiration of the
time provided in ORS 711.230 for the filing of claims or if the board of
directors has extended the time of liquidation then after the time set by them
and after payment of unclaimed deposits to the State Treasurer, the board of
directors shall make a complete report of the liquidation to the Director of
the Department of Consumer and Business Services and shall certify to the
director that all claims have been paid or finally determined.
(2) Any claims
received and approved after the report has been filed with the director shall
be paid if the remaining assets are sufficient.
(3) When the
report has been approved by the director the board of directors may proceed to
liquidate the remaining assets and distribute them to the stockholders or other
persons entitled to receive them according to their respective rights and
interests without further report to the director. [Amended by 1959 c.138 §3;
1973 c.797 §243; 2019 c.678 §73]
Plain English Explanation
This Oregon statute addresses Report
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 711.235
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Report
. Read the full statute text above for details.
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The formal citation is Oregon Code § 711.235. Use this format in legal documents and court filings.
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