Oregon Code § 777.763·Enacted ·Last updated March 01, 2026
Statute Text
Export
trading corporation; formation by port; hearing; dissolution of corporation.
(1) Any port may form an export
trading corporation. Proceedings to form an export trading corporation shall be
initiated by a resolution adopted by the commissioners of the port proposing
the formation of an export trading corporation and fixing a time and place for
a public hearing on the resolution. The hearing shall be held not less than 30
days after adoption of the resolution.
(2) Notice of the
public hearing shall be published in one or more newspapers of general
circulation within the port not less than 15 days prior to the date fixed for
the public hearing.
(3) Any person
may appear at the public hearing and present oral or written statements for or
against the proposal to form an export trading corporation.
(4) After the
public hearing, if the commissioners of the port determine the formation of an
export trading corporation would promote the purposes of ORS 294.125, 294.316,
646.740 and 777.755 to 777.800, the board may by ordinance form an export
trading corporation.
(5) An ordinance
forming an export trading corporation shall include:
(a) The name of
the export trading corporation.
(b) The names of
the initial board of directors.
(c) The office
address and the name and address of the initial registered agent.
(6) Unless a
later date is specified, the ordinance shall take effect and the export trading
corporation formed on the 30th day after enactment of the ordinance. The
ordinance shall be subject to the powers of initiative and referendum vested in
the electors of the port.
(7) A certified
copy of the ordinance shall be filed with the Secretary of State.
(8) The port by
ordinance may dissolve the export trading corporation. The ordinance shall
include a plan for the dissolution and liquidation of the assets of the export
trading corporation. Any surplus assets remaining after payment of the
indebtedness of the export trading corporation shall be transferred to the
port. [1983 c.200 §3]
Plain English Explanation
This Oregon statute addresses Export
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 777.763
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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