ORS 697.063
Status of business records and bank accounts following revocation of registration

  • liquidation
  • expenses and attorney fees

(1)

When the Director of the Department of Consumer and Business Services revokes a registration, the director may take possession of all business records and all bank accounts of the registrant and retain possession of them pending the further proceedings specified in this section. The director shall inventory all the business records and all bank accounts of the registrant. The director shall file one copy of the inventory in the office of the director and one copy in the office of the clerk of the circuit court of the county in which the principal place of business of the registrant is located and shall mail one copy to each shareholder or partner of the registrant at the last-known address of the shareholder or partner. The clerk of the court shall file the inventory as a pending proceeding and give it a case number. The director by rule may delegate the director’s authority under this section relating to the inventory of business records and bank accounts of a registrant.

(2)

If any person refuses to permit the director to take possession of business records and bank accounts under subsection (1) of this section, the director may apply to the circuit court of the county in which the principal place of business of the registrant is located for an order appointing a receiver, who may be the director, to take possession.

(3)

The business records and bank accounts of the registrant shall be liquidated. If a receiver has not been appointed, the director shall apply for appointment by the court in which the inventory was filed. The liquidation shall proceed as provided by law for liquidation of a private corporation in receivership.

(4)

The expenses of the receiver and attorney fees, as well as all expenditures required in the liquidation proceedings, shall be fixed by the director, subject to the approval of the court, and, upon certification by the director, shall be paid out of the funds in the hands of the director as such receiver. [1995 c.622 §6; 2003 c.576 §218]

Source: Section 697.063 — Status of business records and bank accounts following revocation of registration; liquidation; expenses and attorney fees, https://www.­oregonlegislature.­gov/bills_laws/ors/ors697.­html.

697.005
Definitions for ORS 697.005 to 697.095 697.015
Registration requirement 697.031
Registration procedure 697.039
Revocation, suspension or refusal to issue or renew registration 697.045
Status of accounts and claims assigned to agency 697.053
Registration exclusive regulation 697.058
Agency records 697.063
Status of business records and bank accounts following revocation of registration 697.085
Rules 697.086
Rules for collection of child support payments 697.087
Injunction 697.091
Fees or compensation received in violation of law 697.093
Enforcement 697.094
Orders issued under ORS 697.093 697.095
Civil penalties 697.105
Fee for collection of debt owed public body 697.107
Prohibition on use of public agency or public official seal or letterhead 697.115
Fee for collection of commercial debt 697.500
Definitions for ORS 697.500 to 697.555 697.502
Exemptions from licensing and record-keeping requirements 697.504
Licensing requirement 697.510
License application form and contents 697.512
Application fee and investigation fee 697.514
Application review and license issuance 697.520
Prohibited practices 697.522
Receipt 697.524
Endorsement and deposit of payment instruments 697.526
Notice of fees and charges 697.528
Records 697.530
Prohibited conduct 697.540
Suspension or revocation of license 697.542
Powers of director 697.550
Rules 697.555
Civil penalties 697.602
Definitions for ORS 697.602 to 697.842 697.612
Registration requirement 697.632
Registration procedure 697.642
Bond requirement 697.652
Written agreement and budget analysis requirement 697.662
Prohibited practices 697.672
Requirement to make, keep and maintain records 697.682
Trust accounts for client funds 697.692
Fees 697.702
Interference with records of debt management service provider 697.707
Required disclosures 697.718
Liability for consumer’s ascertainable loss 697.722
Execution or attachment of trust account funds 697.732
Examinations 697.752
Grounds for denial, revocation or suspension of registration 697.762
Enjoining violations 697.822
Remedy not exclusive 697.825
Enforcement 697.832
Civil penalties 697.840
Rules 697.842
Disposition of moneys received by director 697.990
Penalties 697.992
Jurisdiction of courts
Green check means up to date. Up to date

Current through early 2024

§ 697.063’s source at oregon​.gov