2021 Oregon Revised Statutes
Chapter 707 - Organization to Conduct Banking Business; Stockholders, Directors and Officers
Section 707.250 - Execution of amendments to articles of incorporation.


(1) The name of the institution or Oregon stock savings bank.
(2) If the amendment alters or changes any provision of the original or amended articles of incorporation, an identification by reference or description of the affected provision and a statement of its text as it is amended to read. If the amendment strikes or deletes any provision of the original or amended articles of incorporation, an identification by reference or description of the provision so stricken or deleted and a statement that it is stricken or deleted. If the amendment is an addition to the original or amended articles of incorporation, a statement of that fact and the full text of each provision added.
(3) The date of the adoption of the amendment by the shareholders.
(4) The number of shares outstanding and the number of shares entitled to vote thereon, and if the shares of any class are entitled to vote thereon as a class, the designation and number of outstanding shares entitled to vote thereon of each such class.
(5) The number of shares voted for and against such amendment, respectively, and, if the shares of any class are entitled to vote thereon as a class, the number of shares of each such class voted for and against such amendment, respectively.
(6) If such amendment provides for an exchange, reclassification or cancellation of issued shares, and, if the manner in which the same shall be effected is not set forth in the amendment, a statement of the manner in which the same shall be effected.
(7) If such amendment was adopted by a majority of the directors pursuant to ORS 707.246 (2)(a), then, in lieu of the information required by subsections (3), (4) and (5) of this section, a statement that no shares have yet been issued and that the amendment was authorized as provided in ORS 707.246 (2)(a). The date of the adoption of the amendment by a majority of the directors shall be included. Articles of amendment under this subsection may be executed as provided in this section or by a majority of the directors. [1989 c.324 §13; 1997 c.631 §62]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 18 - Financial Institutions, Insurance

Chapter 707 - Organization to Conduct Banking Business; Stockholders, Directors and Officers

Section 707.007 - Organization of Oregon bank as limited liability company.

Section 707.010 - Certificate required to transact banking business; exemption.

Section 707.020 - Violation of ORS 707.005 or 707.010; investigation; injunction.

Section 707.025 - Organization of banking institution for purpose of merging with, acquiring assets of or assuming liabilities of financial institution; procedure; conditions; fee.

Section 707.050 - Initial paid-in capital requirement.

Section 707.070 - Application for authority to organize banking institution; fee; contents.

Section 707.075 - Banking institution name.

Section 707.080 - Investigation and ruling on application; conditional approval; appeal.

Section 707.110 - Execution and submission of articles of incorporation; contents.

Section 707.120 - Issuance of certificate of incorporation when filings conform to law.

Section 707.140 - Submission of organization information; issuance of charter.

Section 707.145 - Grounds for refusing authority to organize.

Section 707.155 - Authority to require additional investigatory information; fingerprinting.

Section 707.160 - Transaction of business prior to organization; failure to complete organization; liability.

Section 707.170 - Effective date of charter; commencement of business; effect of failure to commence business.

Section 707.182 - Registered agent; registered office.

Section 707.184 - Changes in registered office or agent.

Section 707.186 - Resignation of registered agent; discontinuance of registered office.

Section 707.188 - Service of process on institution or Oregon stock savings bank.

Section 707.210 - Stock issuance after obtaining charter; form of stock certificate; issuance of stock without certificate.

Section 707.220 - Stock record; contents; inspection.

Section 707.244 - Amendment of articles of incorporation; purposes for amendment.

Section 707.246 - Manner of amending articles of incorporation.

Section 707.248 - Shareholders authorized to vote on amendment to articles of incorporation.

Section 707.250 - Execution of amendments to articles of incorporation.

Section 707.252 - Filing of amended articles of incorporation.

Section 707.254 - Effective date of amended articles of incorporation; effect on existing cause of action.

Section 707.256 - Restated articles of incorporation.

Section 707.258 - Terms of class of shares or series within class determined by board of directors.

Section 707.260 - Fractional shares; scrip.

Section 707.262 - Share options; limits on issuance.

Section 707.270 - Effect of redemption of shares; statement of cancellation.

Section 707.272 - Paid-in capital; use; retained earnings reserve; approval of director for redemption of shares; rules.

Section 707.350 - Payment prior to issuance of certificate of stock; consideration; approvals.

Section 707.380 - Limitation on dividends; exception.

Section 707.610 - Annual and special stockholder meetings; notice of orders.

Section 707.613 - Shareholder waiver of notice; effect of attendance at meeting.

Section 707.615 - Record date.

Section 707.617 - Shareholders list for meeting.

Section 707.619 - Voting entitlement of shares.

Section 707.621 - Quorum.

Section 707.623 - Modification of quorum or voting requirements.

Section 707.644 - Committees of board of directors; limitations.

Section 707.646 - Staggered terms for directors.

Section 707.648 - Removal of directors by shareholders.

Section 707.660 - General standards for directors.

Section 707.665 - General standards for officers.

Section 707.670 - Regular meetings of directors; rules; quorum; notice; meetings using communications equipment.

Section 707.680 - Special board meetings called by director; penalty for failure to attend.

Section 707.700 - Selection and control of officers by directors; effect of removal of officers.

Section 707.705 - Investigation of new director, president and chief executive officer; fingerprinting; disapproval of election or appointment.

Section 707.710 - Removal of officer or director.

Section 707.735 - Officers and directors to notify law enforcement officers of certain criminal violations; investigations; costs.

Section 707.744 - Definitions for ORS 707.744 to 707.764.

Section 707.746 - Authority to indemnify directors.

Section 707.752 - Advance for expenses.

Section 707.754 - Court-ordered indemnification.

Section 707.756 - Determination and authorization of indemnification.

Section 707.758 - Indemnification of officers, employees and agents.

Section 707.764 - Application of ORS 707.744 to 707.762.