Corporation Division

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2007 - New State Laws July 23, 2007

As a courtesy to our customers, these are a few of the new state laws that may have a significant impact our customers and/or the operations of our office. You can read the entire bill, by clicking on the bill number in the table below.

Bill # Summary

HB 2090     NEW LAW, effective May 31, 2007
                     New state law to allow the Secretary of State Corporation Division to reject documents that
                     contain a social security number. Directs Secretary of State Corporation Division to use a
                      “unique identifier” in the Effective Financing Statement (Farm Products) program in place of
                     social security numbers.

HB 2826    NEW LAW, effective January 1, 2008
                    Allows companies to include in their Oregon articles of incorporation a statement that they
                    will do business in a way that is environmentally and socially responsible.

SB 583     NEW LAW, effective October 1, 2007
                     New state law addressing concerns about Identity Theft. Provides consumers the right to
                   freeze credit reports, requires businesses who store sensitive personal information to notify
                     affected consumers in the event of data breach, creates penalties for accidental disclosure.

SB 684 NEW LAW, effective January 1, 2008
New state law that prohibits businesses from conducting never-ending going out of business sales. One 90-day going out of business sale allowed per year. Requires businesses to file a notice with the Secretary of State Corporation Division, prominently post filed notice in the place of business, and creates unlawful trade practice if business violates law.

For additional information on existing state laws, see our Laws and Rules page.