(2) The notice shall specify:
(a) The date on which the suspension or restriction on the payment of liabilities will be removed;
(b) That the provisions of ORS 711.635 pertaining to the segregation of deposits will not be effective after that date; and
(c) That the segregated deposits after the removal of the restriction or suspension will be general deposits.
(3) On or before the date of the publication of the notice, the director shall mail, postage prepaid, to each depositor in the Oregon stock bank whose deposit has been segregated as provided by ORS 711.635 a copy of the notice addressed to the last-known address of each depositor as shown by the records of the Oregon stock bank.
(4) The director shall hand a copy of the notice to every depositor making a deposit in the Oregon stock bank after the date of the newspaper publication and up to the time the suspension or restriction on the payment of liabilities of the Oregon stock bank is removed. [1973 c.797 §298; 1997 c.631 §258]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 711 - Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
Section 711.065 - Conversion of Oregon stock bank into insured stock institution.
Section 711.070 - Conversion of financial institution into Oregon stock bank; application.
Section 711.075 - Conversion of Oregon nonstock bank into financial institution.
Section 711.080 - Conversion of financial institution into Oregon nonstock bank; application.
Section 711.085 - Approval of conversion of Oregon bank by board or shareholders.
Section 711.095 - Approval of plan of conversion; fee.
Section 711.100 - Articles of conversion; effective date of conversion.
Section 711.140 - Approval of merger or share exchange involving Oregon stock bank by stockholders.
Section 711.145 - Effective date of merger or share exchange involving Oregon stock bank.
Section 711.155 - Approval of merger involving Oregon nonstock bank; contents of plan; fee.
Section 711.160 - Action by director on plan of merger involving Oregon nonstock bank; appeal.
Section 711.165 - Effective date of merger involving Oregon nonstock bank.
Section 711.185 - Stockholder withdrawal of demand for payment for shares made under ORS 711.180.
Section 711.197 - Conditions for resulting Oregon bank to conform with state law.
Section 711.220 - Notice of voluntary liquidation; presentation of claims.
Section 711.230 - Claims; time within which presented; extension of time.
Section 711.235 - Report of liquidation to director; disposition of remaining assets.
Section 711.400 - Supervision of liquidation by circuit court; called "supervising court."
Section 711.405 - When institution deemed insolvent.
Section 711.430 - Placing business in control of director; notice.
Section 711.435 - Resumption of business of institution placed in control of director.
Section 711.465 - Transfer of liquidation functions to Federal Deposit Insurance Corporation.
Section 711.475 - Inventory of assets; filing notice of taking possession.
Section 711.480 - Sale of assets.
Section 711.510 - Deposit of money collected under ORS 711.495; security for deposit.
Section 711.515 - "Depositor" defined; preferences among depositors.
Section 711.535 - Verification and filing of claims; demand for preference.
Section 711.540 - Approval or rejection of claims.
Section 711.545 - Objection to approval of claims.
Section 711.550 - Objection to rejection of claims.
Section 711.554 - Procedure for determination of claims.
Section 711.570 - Lists of claims.
Section 711.577 - Death of depositor; payment of claim.
Section 711.580 - Safety deposit boxes; removal of property.
Section 711.582 - Disposition of contents of safety deposit boxes.
Section 711.590 - Disposition of unclaimed deposits; interest.
Section 711.620 - Suspending or restricting payment of liabilities; duration.
Section 711.625 - Taking possession of Oregon stock bank by director; powers of director; expenses.
Section 711.635 - Receiving new deposits; segregation.
Section 711.640 - Termination of suspension or restriction on payment of liabilities.
Section 711.645 - Notice of termination of suspension or restriction on payment of liabilities.