Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Section 711.065 - Conversion of Oregon stock bank into insured stock institution. - (2) Upon completion of the conversion of an Oregon stock...
Section 711.070 - Conversion of financial institution into Oregon stock bank; application. - (2) A financial institution may apply to convert to an...
Section 711.075 - Conversion of Oregon nonstock bank into financial institution. - (2) Upon completion of the conversion of an Oregon nonstock...
Section 711.080 - Conversion of financial institution into Oregon nonstock bank; application. - (2) An insured nonstock institution may apply to convert to...
Section 711.085 - Approval of conversion of Oregon bank by board or shareholders. - (1) A simple majority of the full board of directors...
Section 711.090 - Conversion of Oregon bank or Oregon trust company to corporation or limited liability company. - (2) The plan of conversion shall set forth: (a) The...
Section 711.095 - Approval of plan of conversion; fee. - (a) In the case of the conversion of an Oregon...
Section 711.100 - Articles of conversion; effective date of conversion. - (a) State the name and type of the business entity...
Section 711.104 - Rights of member of Oregon bank or Oregon trust company to dissent to conversion from limited liability company to corporation; demand required; notice and offer to pay for shares; cost of appraisal of shares. - (2) To perfect a member’s right to dissent to a...
Section 711.125 - Merger of Oregon stock bank with insured stock institution; company acquiring shares of Oregon stock bank through share exchange. - (2) Subject to the provisions and requirements of ORS 711.130...
Section 711.130 - Approval of plan of merger or share exchange involving Oregon stock bank; contents of plan; fee. - (2) A plan of merger shall contain at least: (a)...
Section 711.135 - Action by director on plan of merger or share exchange involving Oregon stock bank; appeal. - (a) The transaction conforms with the provisions of the Bank...
Section 711.140 - Approval of merger or share exchange involving Oregon stock bank by stockholders. - (2) Approval of the merger or share exchange by the...
Section 711.145 - Effective date of merger or share exchange involving Oregon stock bank. - (a) If the resulting insured stock institution is an Oregon...
Section 711.155 - Approval of merger involving Oregon nonstock bank; contents of plan; fee. - (2) The plan of merger shall contain: (a) The name...
Section 711.160 - Action by director on plan of merger involving Oregon nonstock bank; appeal. - (a) The resulting insured nonstock institution meets the requirements of...
Section 711.165 - Effective date of merger involving Oregon nonstock bank. - (2) If the resulting insured nonstock institution is an insured...
Section 711.170 - Sale of assets and transfer of liabilities by Oregon bank; approval of director and board of directors; fee; appeal. - (2) An Oregon bank may sell all or substantially all...
Section 711.175 - Stockholder’s right to dissent to merger, share exchange, transfer of assets or liabilities or conversion. - (a) A plan of merger pursuant to which the Oregon...
Section 711.180 - Rights of stockholder dissenting to merger, share exchange, transfer of assets or liabilities or conversion; demand required; notice and offer to pay for shares; costs of appraisal of shares; when rights not applicable. - (2) Within 30 days after a transaction listed under ORS...
Section 711.185 - Stockholder withdrawal of demand for payment for shares made under ORS 711.180. - (a) The Oregon stock bank, Oregon trust company or its...
Section 711.190 - Effect of merger or conversion of Oregon bank; rights, powers, duties and liabilities of resulting financial institution. - (a) The separate existence of each Oregon bank participating in...
Section 711.197 - Conditions for resulting Oregon bank to conform with state law. - (1) Permit the resulting or converting financial institution to retain...
Section 711.220 - Notice of voluntary liquidation; presentation of claims. - (2) Claims of depositors shall be paid upon the presentation...
Section 711.230 - Claims; time within which presented; extension of time. - (2) The board of directors shall, within 30 days after...
Section 711.235 - Report of liquidation to director; disposition of remaining assets. - (2) Any claims received and approved after the report has...
Section 711.250 - Engaging in banking or trust business prohibited after liquidation, transfer of deposit liabilities or ceasing to do business for one year; dissolution. - (a) Goes into voluntary liquidation; (b) Is closed because of...
Section 711.400 - Supervision of liquidation by circuit court; called "supervising court." - (1) Shall, as directed in ORS 711.400 to 711.615, supervise...
Section 711.405 - When institution deemed insolvent. - (1) The fair market value of the institution’s assets is...
Section 711.430 - Placing business in control of director; notice. - (2) The posting of the notice or the taking possession...
Section 711.435 - Resumption of business of institution placed in control of director. - (2) When the director is satisfied that the stockholders’ equity...
Section 711.440 - Receivers and assignments for benefit of creditors; notice to and action by director. - (2) The director may, within five days after the service...
Section 711.445 - Notice of taking possession of institution; prohibition against liens subsequent to insolvency. - (2) A person knowing that the director has taken possession...
Section 711.465 - Transfer of liquidation functions to Federal Deposit Insurance Corporation. - (2) Upon being notified in writing of the acceptance of...
Section 711.475 - Inventory of assets; filing notice of taking possession. - (1) Inventory the assets of the institution. The inventory shall...
Section 711.480 - Sale of assets. - (a) Sell or compromise any bad or doubtful debts, including...
Section 711.500 - Liability of transferor of stock made in contemplation of insolvency; proceedings to relieve stockholder of liability prohibited. - (2) An action may not be brought by the holder...
Section 711.510 - Deposit of money collected under ORS 711.495; security for deposit. - (2) The director may require any bank in which the...
Section 711.515 - "Depositor" defined; preferences among depositors. - (2) A depositor or deposit, including deposits of the State...
Section 711.520 - Priority of claimants against assets of Oregon stock bank that is insolvent or in liquidation. - (1) First, if collateral has been pledged under ORS 295.015...
Section 711.535 - Verification and filing of claims; demand for preference. - (2) Any claim for preference shall be filed with the...
Section 711.540 - Approval or rejection of claims. - (2) Depositors’ claims that assert no priority or preference other...
Section 711.545 - Objection to approval of claims. - (2) A copy of the objections and notice shall be...
Section 711.550 - Objection to rejection of claims. - (2) Within 30 days after the giving of the notice...
Section 711.554 - Procedure for determination of claims. - (2) The trial shall be held in a summary manner...
Section 711.570 - Lists of claims. - (2) The director shall, in like manner, make and file...
Section 711.577 - Death of depositor; payment of claim. - (2) If any claim is more than $500, dividends may...
Section 711.580 - Safety deposit boxes; removal of property. - (2) Upon the date fixed by the notice, the contract,...
Section 711.582 - Disposition of contents of safety deposit boxes. - (2) If papers or other articles which have no value...
Section 711.585 - Selection of agents to wind up affairs of institution; bond or letter of credit; duties of agent. - (2) The agent shall file with the director a bond...
Section 711.590 - Disposition of unclaimed deposits; interest. - (2) The interest earned on the dividend accounts while they...
Section 711.620 - Suspending or restricting payment of liabilities; duration. - (2) The order of the director is effective upon receipt...
Section 711.625 - Taking possession of Oregon stock bank by director; powers of director; expenses. - (2) While the director is in possession of an Oregon...
Section 711.635 - Receiving new deposits; segregation. - (2) Deposits received after the director takes possession and the...
Section 711.640 - Termination of suspension or restriction on payment of liabilities. - (2) Immediately upon the termination of the suspension or restriction...
Section 711.645 - Notice of termination of suspension or restriction on payment of liabilities. - (2) The notice shall specify: (a) The date on which...