State Codes and Statutes

Statutes > Oregon > Vol2 > 070

Chapter 70 — LimitedPartnerships

 

2009 EDITION

 

 

LIMITEDPARTNERSHIPS

 

CORPORATIONSAND PARTNERSHIPS

 

GENERALPROVISIONS

 

70.005       Definitions

 

70.010       Nameof limited partnership; registration of assumed business name; application ofother law

 

70.015       Reservationof limited partnership name

 

70.020       Officein state

 

70.025       Registeredagent; changing agent

 

70.030       Changeof address and resignation procedures for registered agent

 

70.035       Scopeof agency of registered agent

 

70.040       WhenSecretary of State to serve as agent; service on Secretary of State; whendefault may be entered

 

70.045       Effectof ORS 70.020 to 70.040

 

70.050       Recordsrequired in office in state; inspection

 

70.055       Authorityof limited partnership

 

70.060       Authorityof partner to do business with limited partnership

 

70.065       Filing,service, copying and certification fees

 

70.067       Forms;rules

 

70.070       Filingduty of Secretary of State

 

FORMATION;CERTIFICATE OF LIMITED PARTNERSHIP

 

70.075       Formationof limited partnership; certificate of limited partnership; rules

 

70.080       Amendmentof certificate

 

70.085       Cancellationof certificate

 

70.090       Executionof certificate

 

70.095       Remedyfor failure to execute certificate

 

70.100       Filingwith Office of Secretary of State

 

70.105       Remedyfor false statements in certificate

 

70.110       Filingas notice of limited partnership

 

70.115       Dutyof general partners to deliver copy of certificate to each limited partner

 

LIMITEDPARTNERS

 

70.125       Dateperson becomes limited partner; admission of additional limited partner

 

70.130       Votingrights

 

70.135       Liabilityof limited partner

 

70.140       Liabilityof person who erroneously believes person is limited partner

 

70.145       Powersof limited partner

 

GENERALPARTNERS

 

70.175       Admissionof additional general partners

 

70.180       Whenperson ceases to be general partner

 

70.185       Rights,restrictions and liabilities of general partner

 

70.190       Rightsand powers of general partner as general and limited partner

 

70.195       Votingrights

 

FINANCES

 

70.225       Formof contribution

 

70.230       Obligationof partner

 

70.235       Allocationof profits and losses

 

70.240       Allocationof distributions of assets

 

DISTRIBUTIONAND WITHDRAWAL

 

70.250       Entitlementto distributions

 

70.255       Withdrawalof partner

 

70.260       Entitlementsof withdrawing partner

 

70.265       Rightsof partner regarding distribution; remedies

 

70.270       Limiton distribution

 

70.275       Liabilityof partner who receives return of contribution

 

ASSIGNMENTOF PARTNERSHIP INTERESTS

 

70.285       Partnershipas personal property

 

70.290       Assignabilityof partnership interest

 

70.295       Rightsof judgment creditor of partner

 

70.300       Assigneeof partnership interest as limited partner

 

70.305       Death,incompetency, dissolution or termination of partner

 

DISSOLUTION

 

70.325       Whendissolution occurs

 

70.330       Judgmentof dissolution

 

70.335       Whomay wind up partnership affairs

 

70.340       Distributionof assets

 

FOREIGNLIMITED PARTNERSHIPS

 

70.350       Lawapplicable to foreign limited partnership

 

70.355       Registrationof foreign limited partnership; rules

 

70.365       Namerequirements

 

70.370       Correctionof application

 

70.375       Cancellationof registration

 

70.380       Registrationprerequisite to suing in state; effect on contracts, liability; agent

 

70.385       AttorneyGeneral’s enforcement

 

DERIVATIVEACTIONS

 

70.400       Actionby limited partner upon refusal of general partner

 

70.405       Statusof plaintiff

 

70.410       Contentof complaint

 

70.415       Remittanceof proceeds received by plaintiff; attorney fees

 

INACTIVATIONOF CERTIFICATE OR REGISTRATION

 

70.430       Groundsfor administrative action to inactivate certificate or registration of limitedpartnership

 

70.435       Noticeof administrative inactivation; effect of inactivation on authority ofregistered agent

 

70.440       Reinstatementfollowing administrative inactivation

 

CONVERSIONSAND MERGERS

 

70.500       Definitionsfor ORS 70.500 to 70.540

 

70.505       Conversion

 

70.510       Actionon plan of conversion

 

70.515       Articlesof conversion

 

70.520       Effectof conversion; assumed business name

 

70.525       Merger

 

70.530       Actionon plan of merger

 

70.535       Articlesof merger

 

70.540       Effectof merger

 

MISCELLANEOUS

 

70.600       Constructionto promote uniformity

 

70.605       Applicationto partnerships existing prior to July 1, 1986

 

70.610       Annualreport; fees; rules

 

70.615       Applicationof ORS chapter 67

 

70.620       Correctionof documents; effective date of correction

 

70.625       Shorttitle

 

GENERALPROVISIONS

 

      70.005Definitions.As used in this chapter:

      (1)“Certificate of limited partnership” means the certificate referred to in ORS70.075, and the certificate as amended, articles of conversion and articles ofmerger.

      (2)“Contribution” means any cash, property, services rendered, or a promissorynote or other binding obligation to contribute cash or property or to performservices, that a partner contributes to a limited partnership in the capacityas a partner.

      (3)“Corporation” or “domestic corporation” means a corporation for profitincorporated under ORS chapter 60.

      (4)“Domestic limited liability company” means an entity that is an unincorporatedassociation having one or more members and that is organized under ORS chapter63.

      (5)“Domestic nonprofit corporation” means a corporation not for profitincorporated under ORS chapter 65.

      (6)

State Codes and Statutes

Statutes > Oregon > Vol2 > 070

Chapter 70 — LimitedPartnerships

 

2009 EDITION

 

 

LIMITEDPARTNERSHIPS

 

CORPORATIONSAND PARTNERSHIPS

 

GENERALPROVISIONS

 

70.005       Definitions

 

70.010       Nameof limited partnership; registration of assumed business name; application ofother law

 

70.015       Reservationof limited partnership name

 

70.020       Officein state

 

70.025       Registeredagent; changing agent

 

70.030       Changeof address and resignation procedures for registered agent

 

70.035       Scopeof agency of registered agent

 

70.040       WhenSecretary of State to serve as agent; service on Secretary of State; whendefault may be entered

 

70.045       Effectof ORS 70.020 to 70.040

 

70.050       Recordsrequired in office in state; inspection

 

70.055       Authorityof limited partnership

 

70.060       Authorityof partner to do business with limited partnership

 

70.065       Filing,service, copying and certification fees

 

70.067       Forms;rules

 

70.070       Filingduty of Secretary of State

 

FORMATION;CERTIFICATE OF LIMITED PARTNERSHIP

 

70.075       Formationof limited partnership; certificate of limited partnership; rules

 

70.080       Amendmentof certificate

 

70.085       Cancellationof certificate

 

70.090       Executionof certificate

 

70.095       Remedyfor failure to execute certificate

 

70.100       Filingwith Office of Secretary of State

 

70.105       Remedyfor false statements in certificate

 

70.110       Filingas notice of limited partnership

 

70.115       Dutyof general partners to deliver copy of certificate to each limited partner

 

LIMITEDPARTNERS

 

70.125       Dateperson becomes limited partner; admission of additional limited partner

 

70.130       Votingrights

 

70.135       Liabilityof limited partner

 

70.140       Liabilityof person who erroneously believes person is limited partner

 

70.145       Powersof limited partner

 

GENERALPARTNERS

 

70.175       Admissionof additional general partners

 

70.180       Whenperson ceases to be general partner

 

70.185       Rights,restrictions and liabilities of general partner

 

70.190       Rightsand powers of general partner as general and limited partner

 

70.195       Votingrights

 

FINANCES

 

70.225       Formof contribution

 

70.230       Obligationof partner

 

70.235       Allocationof profits and losses

 

70.240       Allocationof distributions of assets

 

DISTRIBUTIONAND WITHDRAWAL

 

70.250       Entitlementto distributions

 

70.255       Withdrawalof partner

 

70.260       Entitlementsof withdrawing partner

 

70.265       Rightsof partner regarding distribution; remedies

 

70.270       Limiton distribution

 

70.275       Liabilityof partner who receives return of contribution

 

ASSIGNMENTOF PARTNERSHIP INTERESTS

 

70.285       Partnershipas personal property

 

70.290       Assignabilityof partnership interest

 

70.295       Rightsof judgment creditor of partner

 

70.300       Assigneeof partnership interest as limited partner

 

70.305       Death,incompetency, dissolution or termination of partner

 

DISSOLUTION

 

70.325       Whendissolution occurs

 

70.330       Judgmentof dissolution

 

70.335       Whomay wind up partnership affairs

 

70.340       Distributionof assets

 

FOREIGNLIMITED PARTNERSHIPS

 

70.350       Lawapplicable to foreign limited partnership

 

70.355       Registrationof foreign limited partnership; rules

 

70.365       Namerequirements

 

70.370       Correctionof application

 

70.375       Cancellationof registration

 

70.380       Registrationprerequisite to suing in state; effect on contracts, liability; agent

 

70.385       AttorneyGeneral’s enforcement

 

DERIVATIVEACTIONS

 

70.400       Actionby limited partner upon refusal of general partner

 

70.405       Statusof plaintiff

 

70.410       Contentof complaint

 

70.415       Remittanceof proceeds received by plaintiff; attorney fees

 

INACTIVATIONOF CERTIFICATE OR REGISTRATION

 

70.430       Groundsfor administrative action to inactivate certificate or registration of limitedpartnership

 

70.435       Noticeof administrative inactivation; effect of inactivation on authority ofregistered agent

 

70.440       Reinstatementfollowing administrative inactivation

 

CONVERSIONSAND MERGERS

 

70.500       Definitionsfor ORS 70.500 to 70.540

 

70.505       Conversion

 

70.510       Actionon plan of conversion

 

70.515       Articlesof conversion

 

70.520       Effectof conversion; assumed business name

 

70.525       Merger

 

70.530       Actionon plan of merger

 

70.535       Articlesof merger

 

70.540       Effectof merger

 

MISCELLANEOUS

 

70.600       Constructionto promote uniformity

 

70.605       Applicationto partnerships existing prior to July 1, 1986

 

70.610       Annualreport; fees; rules

 

70.615       Applicationof ORS chapter 67

 

70.620       Correctionof documents; effective date of correction

 

70.625       Shorttitle

 

GENERALPROVISIONS

 

      70.005Definitions.As used in this chapter:

      (1)“Certificate of limited partnership” means the certificate referred to in ORS70.075, and the certificate as amended, articles of conversion and articles ofmerger.

      (2)“Contribution” means any cash, property, services rendered, or a promissorynote or other binding obligation to contribute cash or property or to performservices, that a partner contributes to a limited partnership in the capacityas a partner.

      (3)“Corporation” or “domestic corporation” means a corporation for profitincorporated under ORS chapter 60.

      (4)“Domestic limited liability company” means an entity that is an unincorporatedassociation having one or more members and that is organized under ORS chapter63.

      (5)“Domestic nonprofit corporation” means a corporation not for profitincorporated under ORS chapter 65.

      (6)


State Codes and Statutes

State Codes and Statutes

Statutes > Oregon > Vol2 > 070

Chapter 70 — LimitedPartnerships

 

2009 EDITION

 

 

LIMITEDPARTNERSHIPS

 

CORPORATIONSAND PARTNERSHIPS

 

GENERALPROVISIONS

 

70.005       Definitions

 

70.010       Nameof limited partnership; registration of assumed business name; application ofother law

 

70.015       Reservationof limited partnership name

 

70.020       Officein state

 

70.025       Registeredagent; changing agent

 

70.030       Changeof address and resignation procedures for registered agent

 

70.035       Scopeof agency of registered agent

 

70.040       WhenSecretary of State to serve as agent; service on Secretary of State; whendefault may be entered

 

70.045       Effectof ORS 70.020 to 70.040

 

70.050       Recordsrequired in office in state; inspection

 

70.055       Authorityof limited partnership

 

70.060       Authorityof partner to do business with limited partnership

 

70.065       Filing,service, copying and certification fees

 

70.067       Forms;rules

 

70.070       Filingduty of Secretary of State

 

FORMATION;CERTIFICATE OF LIMITED PARTNERSHIP

 

70.075       Formationof limited partnership; certificate of limited partnership; rules

 

70.080       Amendmentof certificate

 

70.085       Cancellationof certificate

 

70.090       Executionof certificate

 

70.095       Remedyfor failure to execute certificate

 

70.100       Filingwith Office of Secretary of State

 

70.105       Remedyfor false statements in certificate

 

70.110       Filingas notice of limited partnership

 

70.115       Dutyof general partners to deliver copy of certificate to each limited partner

 

LIMITEDPARTNERS

 

70.125       Dateperson becomes limited partner; admission of additional limited partner

 

70.130       Votingrights

 

70.135       Liabilityof limited partner

 

70.140       Liabilityof person who erroneously believes person is limited partner

 

70.145       Powersof limited partner

 

GENERALPARTNERS

 

70.175       Admissionof additional general partners

 

70.180       Whenperson ceases to be general partner

 

70.185       Rights,restrictions and liabilities of general partner

 

70.190       Rightsand powers of general partner as general and limited partner

 

70.195       Votingrights

 

FINANCES

 

70.225       Formof contribution

 

70.230       Obligationof partner

 

70.235       Allocationof profits and losses

 

70.240       Allocationof distributions of assets

 

DISTRIBUTIONAND WITHDRAWAL

 

70.250       Entitlementto distributions

 

70.255       Withdrawalof partner

 

70.260       Entitlementsof withdrawing partner

 

70.265       Rightsof partner regarding distribution; remedies

 

70.270       Limiton distribution

 

70.275       Liabilityof partner who receives return of contribution

 

ASSIGNMENTOF PARTNERSHIP INTERESTS

 

70.285       Partnershipas personal property

 

70.290       Assignabilityof partnership interest

 

70.295       Rightsof judgment creditor of partner

 

70.300       Assigneeof partnership interest as limited partner

 

70.305       Death,incompetency, dissolution or termination of partner

 

DISSOLUTION

 

70.325       Whendissolution occurs

 

70.330       Judgmentof dissolution

 

70.335       Whomay wind up partnership affairs

 

70.340       Distributionof assets

 

FOREIGNLIMITED PARTNERSHIPS

 

70.350       Lawapplicable to foreign limited partnership

 

70.355       Registrationof foreign limited partnership; rules

 

70.365       Namerequirements

 

70.370       Correctionof application

 

70.375       Cancellationof registration

 

70.380       Registrationprerequisite to suing in state; effect on contracts, liability; agent

 

70.385       AttorneyGeneral’s enforcement

 

DERIVATIVEACTIONS

 

70.400       Actionby limited partner upon refusal of general partner

 

70.405       Statusof plaintiff

 

70.410       Contentof complaint

 

70.415       Remittanceof proceeds received by plaintiff; attorney fees

 

INACTIVATIONOF CERTIFICATE OR REGISTRATION

 

70.430       Groundsfor administrative action to inactivate certificate or registration of limitedpartnership

 

70.435       Noticeof administrative inactivation; effect of inactivation on authority ofregistered agent

 

70.440       Reinstatementfollowing administrative inactivation

 

CONVERSIONSAND MERGERS

 

70.500       Definitionsfor ORS 70.500 to 70.540

 

70.505       Conversion

 

70.510       Actionon plan of conversion

 

70.515       Articlesof conversion

 

70.520       Effectof conversion; assumed business name

 

70.525       Merger

 

70.530       Actionon plan of merger

 

70.535       Articlesof merger

 

70.540       Effectof merger

 

MISCELLANEOUS

 

70.600       Constructionto promote uniformity

 

70.605       Applicationto partnerships existing prior to July 1, 1986

 

70.610       Annualreport; fees; rules

 

70.615       Applicationof ORS chapter 67

 

70.620       Correctionof documents; effective date of correction

 

70.625       Shorttitle

 

GENERALPROVISIONS

 

      70.005Definitions.As used in this chapter:

      (1)“Certificate of limited partnership” means the certificate referred to in ORS70.075, and the certificate as amended, articles of conversion and articles ofmerger.

      (2)“Contribution” means any cash, property, services rendered, or a promissorynote or other binding obligation to contribute cash or property or to performservices, that a partner contributes to a limited partnership in the capacityas a partner.

      (3)“Corporation” or “domestic corporation” means a corporation for profitincorporated under ORS chapter 60.

      (4)“Domestic limited liability company” means an entity that is an unincorporatedassociation having one or more members and that is organized under ORS chapter63.

      (5)“Domestic nonprofit corporation” means a corporation not for profitincorporated under ORS chapter 65.

      (6)