Oregon Administrative Rules Chapter 167 - SECRETARY OF STATE, BUSINESS SERVICES DIVISION
Oregon Administrative Rules – Chapter 167: Secretary of State, Business Services Division
🔹 Overview:
Chapter 167 of the Oregon Administrative Rules contains regulations and procedures established by the Secretary of State's Business Services Division. This division plays a critical role in managing business-related filings and records in Oregon. It ensures that businesses comply with state requirements to operate legally and transparently.
🔹 Main Functions of the Business Services Division:
Business Registrations
Registers corporations, limited liability companies (LLCs), partnerships, nonprofits, and other business entities in Oregon.
Assigns registration numbers and maintains official records for each business.
Ensures timely renewals and updates to business information.
Notary Public Regulation
Manages the appointment, training, and regulation of notaries public in Oregon.
Provides guidance on notary procedures, conduct, and recordkeeping.
Handles complaints and disciplinary actions related to notary misconduct.
Uniform Commercial Code (UCC) Filings
Accepts and processes UCC financing statements, which are used to secure interests in personal property (e.g., loans with collateral).
Maintains a public database of these records for transparency in lending and credit relationships.
Public Records and Archives (Business-Related)
Provides access to historic and current records of business registrations and filings.
Ensures public availability of documents for legal, business, and historical research.
Administrative Rules and Procedures
Establishes rules to carry out its duties effectively under Oregon law.
Includes rules on application processes, fees, electronic filing standards, and correction procedures.
🔹 Key Topics Likely Covered in Chapter 167:
How to file or renew a business name or entity
Requirements for notary public training and certification
Electronic filing system rules
Fee schedules for various filings
Dispute resolution procedures
Penalties for non-compliance or false filings
Recordkeeping and document retention requirements
🔹 Importance of Chapter 167:
This chapter ensures that all business-related activities in Oregon are transparent, legal, and well-documented. It supports economic development by providing an efficient infrastructure for starting and maintaining businesses. It also promotes consumer protection through proper recordkeeping and legal oversight.
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