(1) If after a hearing a court determines that one or more grounds for judicial revocation of authority described in ORS 65.751 exists, the court may enter a judgment revoking a foreign corporations authority to transact business in Oregon and specifying the effective date of the revocation. The clerk of the court shall deliver a certified copy of the judgment to the Secretary of State for filing. (2) The authority of a foreign corporation to transact business in Oregon ceases as of the date of the judgment of revocation. (3) The judgment of revocation of a foreign corporations authority to transact business in this state appoints the Secretary of State the foreign corporations agent for service of process in any proceeding based on a cause of action which arose during the time the foreign corporation was authorized to transact business in this state. (4) Revocation of a foreign corporations authority to transact business in this state terminates the authority of the foreign corporations registered agent. RECORDS AND REPORTS (Records)
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