Articles of Dissolution - Cooperative is a legal document that was released by the Oregon Secretary of State - a government authority operating within Oregon.
Q: What is an Article of Dissolution?
A: An Article of Dissolution is a legal document that officially terminates the existence of a cooperative in Oregon.
Q: What is a cooperative?
A: A cooperative is a business owned and operated by a group of individuals for their mutual benefit.
Q: Why would a cooperative file an Article of Dissolution?
A: A cooperative would file an Article of Dissolution if they decide to cease their operations and formally dissolve the business.
Q: How can a cooperative dissolve in Oregon?
A: To dissolve a cooperative in Oregon, the members must file an Article of Dissolution with the Secretary of State.
Q: What information is required in an Article of Dissolution?
A: The Article of Dissolution must include the name of the cooperative, the date of dissolution, and a statement of intent to dissolve.
Q: What happens after an Article of Dissolution is filed?
A: After the Article of Dissolution is filed and approved by the Secretary of State, the cooperative's existence is officially terminated and they must settle any remaining obligations.
Q: Can a dissolved cooperative be reinstated?
A: Yes, a dissolved cooperative can be reinstated within 5 years of dissolution by filing a Reinstatement Application with the Secretary of State.
Q: Is it necessary to have a lawyer to file an Article of Dissolution?
A: While it is not required to have a lawyer to file an Article of Dissolution, it is recommended to consult with a legal professional for guidance throughout the process.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Oregon Secretary of State.