Limited Liability Companies

ORS 63.664
Procedure for judicial dissolution


(1)

Venue for a proceeding by the Attorney General to dissolve a limited liability company lies in Marion County. Venue for a proceeding brought by any other party named in ORS 63.661 (Grounds for judicial dissolution) lies in the county where a limited liability company’s principal office is located or, if the principal office is not in this state, where its registered office is or was last located.

(2)

It is not necessary to make members parties to a proceeding to dissolve a limited liability company unless relief is sought against them individually.

(3)

A court in a proceeding brought to judicially dissolve a limited liability company may issue injunctions, appoint a receiver or a custodian with all powers and duties the court directs, and take other action required to preserve or liquidate the limited liability company’s assets wherever located or carry on the business of the limited liability company. [1993 c.173 §67]
Chapter 63

Law Review Citations

30 WLR 291 (1994); 73 OLR 5, 25, 43, 133, 151 (1994)


Source

Last accessed
Jun. 26, 2021