ORS Chapter 63

Chapter 63 — LimitedLiability Companies

 

2009 EDITION

 

 

LIMITEDLIABILITY COMPANIES

 

CORPORATIONSAND PARTNERSHIPS

 

GENERALPROVISIONS

 

(Definitions)

 

63.001       Definitions

 

63.002       Inclusionof limited liability companies and managers and members of limited liabilitycompanies in definitions

 

(FilingDocuments)

 

63.004       Filingrequirements

 

63.007       Filing,service, copying and certification fees

 

63.011       Effectivetime and date of document

 

63.014       Correctingfiled document

 

63.016       Forms;rules

 

63.017       Filingduty of Secretary of State

 

63.021       Appealfrom Secretary of State’s refusal to file document

 

63.024       Evidentiaryeffect of copy of filed document

 

63.027       Certificateof existence or authorization

 

(Secretaryof State)

 

63.031       Powers

 

(Notice)

 

63.034       Knowledgeand notice

 

ORGANIZATION

 

63.044       Formation

 

63.047       Articlesof organization

 

63.051       Organization

 

63.054       Liabilityfor preorganization transactions

 

63.057       Operatingagreements

 

PURPOSESAND POWERS

 

63.074       Purposes

 

63.077       Generalpowers

 

NAME

 

63.094       Limitedliability company name

 

63.097       Reservedname

 

63.101       Registeredname

 

OFFICEAND AGENT

 

63.111       Registeredoffice and registered agent

 

63.114       Changeof registered office or registered agent

 

63.117       Resignationof registered agent

 

63.121       Serviceon limited liability company

 

MANAGEMENTAND MANAGEMENT RIGHTS OF MEMBERS

 

63.130       Rightsof members and managers; matters requiring consent of all or majority ofmembers

 

63.140       Agencypower of managers and members; interest in real property

 

63.155       Dutiesand standard of conduct

 

63.160       Limitationof liability and indemnification

 

63.165       Liabilityof members and managers

 

63.170       Liabilityof limited liability company for acts, omissions or conduct of member ormanager

 

FINANCES

 

63.175       Contributions

 

63.180       Liabilityfor contributions

 

63.185       Allocationof profits and losses

 

DISTRIBUTIONSAND WITHDRAWAL

 

63.195       Allocationof interim distributions

 

63.200       Rightto interim distributions

 

63.205       Voluntarywithdrawal of member

 

63.209       Expulsionof member

 

63.219       Distributionin kind

 

63.225       Rightto distribution

 

63.229       Limitationson distribution

 

63.235       Liabilityfor wrongful distribution

 

MEMBERSHIPINTEREST

 

63.239       Natureof membership interest

 

63.245       Admissionof members

 

63.249       Assignmentof membership interest; effect of assignment

 

63.255       Rightsof assignee who becomes member

 

63.259       Rightsof judgment creditor against member

 

63.265       Cessationof membership

 

AMENDMENTOF ARTICLES OF ORGANIZATION AND OPERATING AGREEMENT

 

63.431       Operatingagreement

 

63.434       Amendmentto articles of organization

 

63.437       Restatedarticles of organization

 

63.441       Amendmentby managers

 

63.444       Amendmentby members

 

CONVERSIONSAND MERGERS

 

63.467       Definitionsfor ORS 63.467 to 63.497

 

63.470       Conversion

 

63.473       Actionon plan of conversion

 

63.476       Articlesof conversion

 

63.479       Effectof conversion; entity existence continues; assumed business name

 

63.481       Merger

 

63.487       Actionon plan of merger

 

63.494       Articlesof merger

 

63.497       Effectof merger

 

DISSOLUTION

 

(InGeneral)

 

63.621       Dissolution

 

63.625       Distributionof assets upon dissolution

 

63.629       Agencypower of members and managers after dissolution

 

63.631       Articlesof dissolution

 

63.637       Effectof dissolution; winding up

 

63.641       Knownclaims against dissolved limited liability company

 

63.644       Unknownclaims against dissolved limited liability company

 

63.645       Enforcementof claims against dissolved limited liability company

 

(AdministrativeDissolution)

 

63.647       Groundsfor administrative dissolution

 

63.651       Procedure;effect of administrative dissolution

 

63.654       Reinstatementfollowing administrative dissolution

 

63.657       Appealfrom denial of reinstatement

 

(JudicialDissolution)

 

63.661       Groundsfor judicial dissolution

 

63.664       Procedurefor judicial dissolution

 

63.671       Judgmentof dissolution

 

(Dispositionof Assets)

 

63.674       Depositwith Department of State Lands

 

FOREIGNLIMITED LIABILITY COMPANIES