Articles of Dissolution - Cooperative - Oregon (English / Russian)

Articles of Dissolution - Cooperative is a legal document that was released by the Oregon Secretary of State - a government authority operating within Oregon.

FAQ

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.