ORS 60.074: Purposes; prohibition on illegal purposes.

(1) Every corporation incorporated under this chapter has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation. A person may not incorporate a corporation under this chapter for any illegal purpose or with an intent to fraudulently conceal any business activity from another person or a governmental agency.

      (2) A business that is subject to regulation under another statute of the state may not be incorporated under this chapter if the business must be organized under the other statute.