ORS 415.330: Grounds for order to liquidate.

The Oregon Health Authority may apply for an order directing the authority to liquidate the business of a coordinated care organization, regardless of whether there has been a prior order directing the authority to rehabilitate the coordinated care organization, upon any of the grounds specified in ORS 415.280, or if the coordinated care organization:

      (1) Has ceased transacting business for a period of one year;

      (2) Under any laws except ORS 415.203 to 415.430 or rules adopted pursuant to ORS 415.011, has:

      (a) Commenced voluntary liquidation or dissolution;

      (b) Attempted to commence or prosecute an action or proceeding to liquidate its business or affairs;

      (c) Commenced dissolving its corporate charter; or

      (d) Commenced procuring the appointment of a receiver, trustee, custodian, or sequestrator; or

      (3) Is insolvent.