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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) If after a hearing the court determines that one or more grounds for judicial dissolution described in ORS 63.661 exist, it may enter a judgment dissolving the limited liability company and specifying the effective date of the dissolution. The clerk of the court shall deliver a certified copy of the judgment to the office for filing. The Secretary of State shall file the certified copy of the judgment.
(2) After entering the judgment of dissolution, the court shall direct the winding up and liquidation of the limited liability company's business and affairs in accordance with ORS 63.637, the notification of claimants and enforcement of claims in accordance with ORS 63.641 and 63.644, and the distribution of limited liability company assets in accordance with ORS 63.625.
Cite this article: FindLaw.com - Oregon Revised Statutes Corporations and Partnerships § 63.671 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-7-corporations-and-partnerships/or-rev-st-sect-63-671/
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