ORS 128.597 Inactivation of Business Trust

• Library: Oregon Statutes
• Edition: 2023
• Currency: Current through legislation effective January 1, 2024
• Year: 2023
• Citation: ORS 128.597

The Secretary of State may commence a proceeding to inactivate the trust instrument of a business trust if:

(1) The business trust does not pay when due any fees imposed by ORS <codecitation statecd="OR" sessionyear="2023" datatype="S" catchline=""Business trust" described">128.560</codecitation> to 128.600;</subsect>

(2) The business trust does not deliver its annual report to the Secretary of State when due;